Global View Capital Management LLC Takes $292,000 Position in Visa Inc. (NYSE:V)

Global View Capital Management LLC bought a new stake in Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 930 shares of the credit-card processor's stock, valued at approximately $292,000.

Several other large investors have also recently added to or reduced their stakes in the business. Peterson Financial Group Inc. bought a new position in Visa during the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the 4th quarter worth $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa during the 4th quarter worth $27,000. POM Investment Strategies LLC boosted its stake in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after acquiring an additional 32 shares in the last quarter. Finally, Modus Advisors LLC acquired a new stake in shares of Visa in the fourth quarter worth $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares of the company's stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,505 shares of company stock worth $22,290,507 in the last quarter. Insiders own 0.13% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently commented on V. The Goldman Sachs Group raised their target price on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a report on Thursday, February 13th. Oppenheimer restated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Piper Sandler restated an "overweight" rating and set a $383.00 target price (up from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, Morgan Stanley raised their target price on Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $353.96.

Visa Price Performance

Shares of NYSE:V traded up $0.32 during trading on Wednesday, reaching $332.46. The stock had a trading volume of 3,909,818 shares, compared to its average volume of 6,361,095. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The business's 50-day moving average price is $337.01 and its 200 day moving average price is $309.89. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $617.64 billion, a PE ratio of 33.48, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.

Visa Company Profile

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.