HighPoint Advisor Group LLC Grows Position in Visa Inc. (NYSE:V)

HighPoint Advisor Group LLC increased its position in shares of Visa Inc. (NYSE:V - Free Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,659 shares of the credit-card processor's stock after purchasing an additional 1,300 shares during the quarter. Visa accounts for approximately 0.8% of HighPoint Advisor Group LLC's investment portfolio, making the stock its 22nd largest holding. HighPoint Advisor Group LLC's holdings in Visa were worth $15,190,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Howard Capital Management Group LLC boosted its position in Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after purchasing an additional 610 shares in the last quarter. Principal Financial Group Inc. grew its stake in Visa by 7.7% in the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock valued at $1,576,366,000 after acquiring an additional 411,210 shares during the period. Encompass More Asset Management purchased a new stake in Visa in the 3rd quarter worth $256,000. Cobblestone Capital Advisors LLC NY raised its position in Visa by 0.5% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 120,643 shares of the credit-card processor's stock worth $33,171,000 after acquiring an additional 567 shares during the period. Finally, Semmax Financial Advisors Inc. grew its position in shares of Visa by 2.5% in the third quarter. Semmax Financial Advisors Inc. now owns 13,830 shares of the credit-card processor's stock valued at $3,803,000 after purchasing an additional 338 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

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Analyst Ratings Changes

V has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Piper Sandler reaffirmed an "overweight" rating and set a $383.00 target price (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Citigroup reiterated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Bank of America boosted their price target on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Five research 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $355.84.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares of the company's stock, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,991,249.33. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,585 shares of company stock valued at $45,821,697 in the last 90 days. 0.13% of the stock is currently owned by insiders.

Visa Stock Performance

NYSE V traded down $3.43 on Thursday, hitting $342.90. 4,836,596 shares of the company's stock were exchanged, compared to its average volume of 6,603,681. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The firm's 50-day moving average price is $345.14 and its two-hundred day moving average price is $316.58. The firm has a market cap of $637.03 billion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last issued 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%. On average, research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is 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.