Legacy Solutions LLC bought a new stake in Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,125 shares of the credit-card processor's stock, valued at approximately $356,000.
Several other institutional investors have also bought and sold shares of the company. Elevation Wealth Partners LLC raised its position in shares of Visa by 3.3% in the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after buying an additional 30 shares in the last quarter. Warther Private Wealth LLC raised its position in shares of Visa by 1.0% in the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock worth $928,000 after buying an additional 30 shares in the last quarter. Valmark Advisers Inc. raised its position in shares of Visa by 0.4% in the fourth quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock worth $2,292,000 after buying an additional 30 shares in the last quarter. Crescent Grove Advisors LLC increased its stake in Visa by 2.2% in the fourth quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor's stock valued at $454,000 after acquiring an additional 31 shares during the last quarter. Finally, Vicus Capital increased its stake in Visa by 3.1% in the fourth quarter. Vicus Capital now owns 1,032 shares of the credit-card processor's stock valued at $326,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.
Insiders Place Their Bets
In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred 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. Insiders sold 55,885 shares of company stock worth $19,161,447 over the last three months. Company insiders own 0.13% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. TD Cowen increased their target price on Visa from $318.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their target price on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, Macquarie increased their target price on Visa from $300.00 to $335.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Six 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 company's stock. According to MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus price target of $353.96.
Read Our Latest Stock Report on V
Visa Trading Down 0.6 %
Shares of Visa stock traded down $2.22 during trading on Friday, reaching $348.27. 6,910,504 shares of the stock were exchanged, compared to its average volume of 5,472,298. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock's fifty day moving average is $329.14 and its 200 day moving average is $302.03. The firm has a market cap of $647.01 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $357.15.
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 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%. As a group, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio (DPR) is presently 23.79%.
About Visa
(
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.
See Also
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