Visa Inc. (NYSE:V) Shares Purchased by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC raised its position in shares of Visa Inc. (NYSE:V - Free Report) by 24.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,331 shares of the credit-card processor's stock after purchasing an additional 7,982 shares during the period. Visa comprises 2.1% of Eagle Rock Investment Company LLC's portfolio, making the stock its 13th biggest position. Eagle Rock Investment Company LLC's holdings in Visa were worth $12,746,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Visa by 45,189.4% in the 3rd quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor's stock worth $2,683,101,000 after acquiring an additional 9,736,958 shares in the last quarter. SG Americas Securities LLC increased its position in Visa by 4,412.3% during the 3rd quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor's stock valued at $1,119,725,000 after buying an additional 4,166,905 shares in the last quarter. State Street Corp increased its position in Visa by 4.5% during the 3rd quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock valued at $21,064,179,000 after buying an additional 3,327,977 shares in the last quarter. FMR LLC increased its position in Visa by 6.1% during the 3rd quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock valued at $15,702,901,000 after buying an additional 3,265,518 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Visa by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock valued at $10,601,135,000 after buying an additional 2,772,549 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on V shares. Barclays upped their target price on Visa from $319.00 to $347.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Royal Bank of Canada upped their target price on Visa from $311.00 to $322.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on Visa from $325.00 to $360.00 and gave the company an "overweight" rating in a report on Friday, January 3rd. Robert W. Baird increased their price objective on Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets increased their price objective on Visa from $310.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $331.92.

Visa Trading Up 0.9 %

Visa stock traded up $2.72 during trading on Friday, reaching $319.97. 5,746,152 shares of the company were exchanged, compared to its average volume of 5,703,089. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $321.61. The company has a market capitalization of $596.06 billion, a P/E ratio of 32.88, a PEG ratio of 2.06 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock's 50 day simple moving average is $313.16 and its two-hundred day simple moving average is $288.06.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the business earned $2.33 earnings per share. The company's revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts expect that Visa Inc. will post 11.22 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is a boost from Visa's previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.74%. Visa's payout ratio is presently 24.25%.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.