3,914 Shares in Visa Inc. (NYSE:V) Purchased by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. purchased a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,914 shares of the credit-card processor's stock, valued at approximately $1,236,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in V. Riverstone Advisors LLC acquired a new stake in Visa during the 4th quarter worth approximately $217,000. Custom Index Systems LLC acquired a new stake in Visa during the 3rd quarter worth approximately $731,000. Journey Strategic Wealth LLC boosted its position in Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after buying an additional 1,361 shares during the period. Copley Financial Group Inc. acquired a new stake in Visa during the 3rd quarter worth approximately $616,000. Finally, Calamos Wealth Management LLC boosted its position in Visa by 0.6% during the 4th quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor's stock worth $24,475,000 after buying an additional 435 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the company's 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 completion of the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the company's 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 of the company's stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,885 shares of company stock worth $19,161,447 in the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Down 0.6 %

V stock traded down $2.22 during midday trading on Friday, reaching $348.27. 6,910,504 shares of the company's stock traded hands, compared to its average volume of 5,753,988. The company has a market cap of $647.01 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.36 and a beta of 0.97. The firm's fifty day moving average price is $328.47 and its 200-day moving average price is $301.39. 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 52 week low of $252.70 and a 52 week high of $357.15.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 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%. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on V. The Goldman Sachs Group lifted their target price 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. Robert W. Baird boosted their price target on shares of Visa from $330.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Citigroup boosted their price target on shares of Visa from $354.00 to $393.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Visa from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Mizuho boosted their price target on shares of Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and an average price target of $355.31.

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.