Lynx Investment Advisory grew its position in Visa Inc. (NYSE:V - Free Report) by 43.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,137 shares of the credit-card processor's stock after acquiring an additional 1,249 shares during the period. Visa comprises approximately 0.9% of Lynx Investment Advisory's investment portfolio, making the stock its 26th biggest position. Lynx Investment Advisory's holdings in Visa were worth $1,308,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Hirtle Callaghan & Co LLC grew its position in shares of Visa by 1.3% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after purchasing an additional 29 shares in the last quarter. ICW Investment Advisors LLC raised its stake in shares of Visa by 0.5% in the 4th quarter. ICW Investment Advisors LLC now owns 16,235 shares of the credit-card processor's stock valued at $5,131,000 after acquiring an additional 73 shares during the period. Jackson Thornton Wealth Management LLC grew its stake in shares of Visa by 31.3% in the fourth quarter. Jackson Thornton Wealth Management LLC now owns 1,029 shares of the credit-card processor's stock valued at $325,000 after buying an additional 245 shares in the last quarter. Corebridge Financial Inc. boosted its stake in shares of Visa by 3.5% in the fourth quarter. Corebridge Financial Inc. now owns 490,900 shares of the credit-card processor's stock valued at $155,144,000 after purchasing an additional 16,476 shares during the period. Finally, United Services Automobile Association raised its stake in shares of Visa by 1.4% in the fourth quarter. United Services Automobile Association now owns 38,648 shares of the credit-card processor's stock valued at $12,214,000 after acquiring an additional 533 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on V. The Goldman Sachs Group lifted their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Piper Sandler reaffirmed an "overweight" rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a report on Friday, January 31st. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday. StockNews.com upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $353.96.
Read Our Latest Stock Analysis on V
Insider Activity
In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at $8,642,333.60. This trade represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is owned by corporate insiders.
Visa Stock Performance
Shares of V stock traded up $1.08 during mid-day trading on Tuesday, reaching $344.95. The stock had a trading volume of 3,930,720 shares, compared to its average volume of 6,717,931. The firm has a market cap of $640.84 billion, a PE ratio of 34.77, a P/E/G ratio of 2.33 and a beta of 0.95. 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 one year low of $252.70 and a one year high of $366.54. The firm's 50 day simple moving average is $341.94 and its 200 day simple moving average is $314.21.
Visa (NYSE:V - Get Free Report) last posted its quarterly 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%. On average, analysts forecast that Visa Inc. will post 11.3 EPS for the current year.
Visa Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa's dividend payout ratio 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.
Further Reading
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