Landing Point Financial Group LLC Invests $1.56 Million in Visa Inc. (NYSE:V)

Landing Point Financial Group LLC purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,932 shares of the credit-card processor's stock, valued at approximately $1,559,000. Visa accounts for approximately 1.2% of Landing Point Financial Group LLC's holdings, making the stock its 12th biggest position.

Several other large investors have also bought and sold shares of the business. Hirtle Callaghan & Co LLC lifted its stake in Visa by 1.3% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after acquiring an additional 29 shares during the period. Elevation Wealth Partners LLC raised its holdings in shares of Visa by 3.3% during the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock valued at $297,000 after purchasing an additional 30 shares during the last quarter. Warther Private Wealth LLC lifted its position in Visa by 1.0% during the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after purchasing an additional 30 shares during the period. Valmark Advisers Inc. lifted its position in Visa by 0.4% during the fourth quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock valued at $2,292,000 after purchasing an additional 30 shares during the period. Finally, Strategic Family Wealth Counselors L.L.C. boosted its holdings in Visa by 0.4% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock worth $2,302,000 after purchasing an additional 30 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,991,249.33. The trade was a 59.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, February 3rd. The stock was 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. In the last quarter, insiders sold 143,205 shares of company stock valued at $48,842,490. Insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of V traded up $1.26 during midday trading on Thursday, hitting $335.63. 2,319,324 shares of the company traded hands, compared to its average volume of 6,828,186. The stock has a market cap of $623.53 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 2.33 and a beta of 0.94. The firm has a 50 day moving average of $339.19 and a 200-day moving average of $321.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54.

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

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio is 23.79%.

Analysts Set New Price Targets

A number of research firms have weighed in on V. Bank of America increased their target price on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Piper Sandler restated an "overweight" rating and set a $383.00 target price (up from $368.00) on shares of Visa in a research report on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Oppenheimer reissued an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $355.84.

Visa 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.