Visa Inc. (NYSE:V) Shares Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 50.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,005 shares of the credit-card processor's stock after purchasing an additional 2,697 shares during the period. OneAscent Financial Services LLC's holdings in Visa were worth $2,530,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of V. Kesler Norman & Wride LLC boosted its stake in shares of Visa by 11.3% during the 4th quarter. Kesler Norman & Wride LLC now owns 14,099 shares of the credit-card processor's stock worth $4,456,000 after purchasing an additional 1,431 shares during the last quarter. RFG Bristol Wealth Advisors LLC purchased a new stake in shares of Visa in the fourth quarter valued at $3,560,000. Meeder Advisory Services Inc. increased its stake in Visa by 6.3% in the fourth quarter. Meeder Advisory Services Inc. now owns 28,799 shares of the credit-card processor's stock valued at $9,102,000 after purchasing an additional 1,712 shares during the last quarter. Potomac Fund Management Inc. ADV purchased a new position in Visa during the fourth quarter worth about $328,000. Finally, Alliance Wealth Management Group acquired a new stake in Visa in the 4th quarter worth about $210,000. Hedge funds and other institutional investors 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 business's stock in a transaction that occurred 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 transaction, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,842,490 over the last three months. Company insiders own 0.13% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday, March 21st. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Citigroup reaffirmed a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Wells Fargo & Company boosted their price target on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average price target of $355.84.

Visa Stock Performance

Shares of V stock traded down $7.19 on Thursday, hitting $339.14. 8,786,063 shares of the stock traded hands, compared to its average volume of 7,162,848. The company has a market capitalization of $630.04 billion, a PE ratio of 34.19, a PEG ratio of 2.33 and a beta of 0.94. The company's fifty day moving average is $345.14 and its 200 day moving average is $316.58. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54.

Visa (NYSE:V - Get Free Report) last issued 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%. On average, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is 23.79%.

About Visa

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.