Lord & Richards Wealth Management LLC Takes $611,000 Position in Visa Inc. (NYSE:V)

Lord & Richards Wealth Management LLC purchased a new position in Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,933 shares of the credit-card processor's stock, valued at approximately $611,000. Visa makes up about 1.3% of Lord & Richards Wealth Management LLC's portfolio, making the stock its 24th biggest holding.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Visa by 45,189.4% in the third quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor's stock valued at $2,683,101,000 after buying an additional 9,736,958 shares during the last quarter. State Street Corp increased its holdings in Visa by 4.5% in the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock valued at $21,064,179,000 after buying an additional 3,327,977 shares during the last quarter. FMR LLC increased its holdings in Visa by 6.1% in the third quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock valued at $15,702,901,000 after buying an additional 3,265,518 shares during the last quarter. Geode Capital Management LLC increased its holdings in Visa by 7.7% in the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock valued at $10,601,135,000 after buying an additional 2,772,549 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Visa in the third quarter valued at about $268,640,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This represents a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company's stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,885 shares of company stock worth $19,161,447 over the last ninety days. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on V. Bank of America boosted their price objective on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods upped their target price on Visa from $360.00 to $400.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. The Goldman Sachs Group upped their target price on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Wells Fargo & Company upped 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. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $355.31.

Visa Price Performance

V traded down $2.22 during trading on Friday, reaching $348.27. The stock had a trading volume of 6,910,504 shares, compared to its average volume of 5,753,988. The firm has a market capitalization of $647.01 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $357.15. The stock has a 50 day moving average of $329.14 and a two-hundred day moving average of $302.03.

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 return on equity of 54.79% and a net margin of 54.27%. As a group, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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

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.