HB Wealth Management LLC grew its position in Visa Inc. (NYSE:V - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,803 shares of the credit-card processor's stock after purchasing an additional 2,589 shares during the period. HB Wealth Management LLC's holdings in Visa were worth $30,278,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Unionview LLC boosted its holdings in Visa by 1.5% in the third quarter. Unionview LLC now owns 2,296 shares of the credit-card processor's stock worth $631,000 after purchasing an additional 33 shares in the last quarter. Forza Wealth Management LLC lifted its position in shares of Visa by 2.9% in the fourth quarter. Forza Wealth Management LLC now owns 1,164 shares of the credit-card processor's stock worth $368,000 after buying an additional 33 shares during the last quarter. Presilium Private Wealth LLC boosted its stake in shares of Visa by 2.2% during the 4th quarter. Presilium Private Wealth LLC now owns 1,503 shares of the credit-card processor's stock worth $475,000 after acquiring an additional 33 shares in the last quarter. FWG Holdings LLC increased its holdings in shares of Visa by 1.1% during the 3rd quarter. FWG Holdings LLC now owns 3,168 shares of the credit-card processor's stock valued at $900,000 after acquiring an additional 34 shares during the last quarter. Finally, St. Louis Trust Co raised its stake in shares of Visa by 0.9% in the 3rd quarter. St. Louis Trust Co now owns 3,885 shares of the credit-card processor's stock valued at $1,068,000 after acquiring an additional 34 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.
Visa Trading Up 0.9 %
Shares of Visa stock traded up $2.72 during trading on Monday, hitting $319.97. 5,746,152 shares of the company were exchanged, compared to its average volume of 5,703,089. 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 firm has a market capitalization of $596.06 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The firm's fifty day moving average price is $313.41 and its 200 day moving average price is $288.73. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $321.61.
Visa (NYSE:V - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 EPS. As a group, sell-side analysts expect that Visa Inc. will post 11.22 earnings per share for the current fiscal year.
Visa Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Tuesday, November 12th. This is a boost from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio is 24.25%.
Insider Transactions at Visa
In other news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.
Analysts Set New Price Targets
Several brokerages have recently issued reports on V. Monness Crespi & Hardt reaffirmed a "neutral" rating on shares of Visa in a research report on Tuesday, September 24th. Macquarie raised their target price on Visa from $300.00 to $335.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Jefferies Financial Group raised their price objective on shares of Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their target price on shares of Visa from $319.00 to $347.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $331.92.
Check Out Our Latest Stock Report on V
Visa Profile
(
Free Report)
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.
Recommended Stories
Before you consider Visa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.
While Visa currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
