Golden State Equity Partners Raises Stock Position in Visa Inc. (NYSE:V)

Golden State Equity Partners boosted its position in shares of Visa Inc. (NYSE:V - Free Report) by 697.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,444 shares of the credit-card processor's stock after acquiring an additional 10,009 shares during the period. Visa accounts for about 0.7% of Golden State Equity Partners' holdings, making the stock its 27th biggest position. Golden State Equity Partners' holdings in Visa were worth $3,617,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Custom Index Systems LLC purchased a new position in Visa in the 3rd quarter worth approximately $731,000. Copley Financial Group Inc. purchased a new position in Visa in the 3rd quarter worth approximately $616,000. Oak Ridge Investments LLC grew its stake in Visa by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor's stock worth $23,847,000 after buying an additional 4,198 shares in the last quarter. FORA Capital LLC purchased a new position in Visa in the 3rd quarter worth approximately $7,987,000. Finally, Chicago Capital LLC grew its stake in Visa by 5.2% in the 3rd quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor's stock worth $111,331,000 after buying an additional 20,023 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This represents a 17.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $2,930,800.00. The disclosure for this sale can be found here. Insiders have sold 21,983 shares of company stock valued at $7,213,146 in the last three months. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on V. JPMorgan Chase & Co. boosted their price target on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Visa from $300.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their price objective on shares of Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Finally, TD Cowen boosted their price objective on shares of Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $354.73.

Visa Stock Down 0.1 %

Shares of NYSE V opened at $345.31 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $351.25. The firm has a market capitalization of $643.27 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. The firm has a fifty day simple moving average of $318.40 and a two-hundred day simple moving average of $293.81.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. Equities analysts expect that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa's dividend payout ratio is presently 23.79%.

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.

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