Retireful LLC bought a new position in Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,389 shares of the credit-card processor's stock, valued at approximately $2,335,000. Visa comprises about 1.3% of Retireful LLC's investment portfolio, making the stock its 22nd largest position.
Other large investors have also made changes to their positions in the company. Intech Investment Management LLC increased its holdings in Visa by 4.4% in the 2nd quarter. Intech Investment Management LLC now owns 77,764 shares of the credit-card processor's stock worth $20,411,000 after acquiring an additional 3,306 shares in the last quarter. Brighton Jones LLC raised its position in shares of Visa by 7.3% during the 2nd quarter. Brighton Jones LLC now owns 14,857 shares of the credit-card processor's stock valued at $3,900,000 after purchasing an additional 1,007 shares during the period. Ieq Capital LLC lifted its stake in shares of Visa by 4.7% during the 2nd quarter. Ieq Capital LLC now owns 155,918 shares of the credit-card processor's stock valued at $40,924,000 after buying an additional 7,015 shares in the last quarter. Trust Investment Advisors boosted its holdings in Visa by 2.8% in the 2nd quarter. Trust Investment Advisors now owns 4,958 shares of the credit-card processor's stock worth $1,301,000 after buying an additional 136 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Visa by 5.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 59,630 shares of the credit-card processor's stock worth $15,651,000 after buying an additional 3,249 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.
Visa Stock Up 0.9 %
Shares of Visa stock traded up $2.72 during trading on Friday, reaching $319.97. The company's stock had a trading volume of 5,746,152 shares, compared to its average volume of 5,703,089. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $321.61. The company has a 50-day simple moving average of $313.41 and a two-hundred day simple moving average of $288.45. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market cap of $596.06 billion, a price-to-earnings ratio of 32.88, a P/E/G ratio of 2.06 and a beta of 0.96.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $2.33 earnings per share. As a group, equities analysts forecast that Visa Inc. will post 11.22 earnings per share for the current year.
Visa Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.59 per share. This is an increase from Visa's previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Tuesday, November 12th. Visa's payout ratio is presently 24.25%.
Analyst Ratings Changes
V has been the topic of several recent analyst reports. TD Cowen lifted 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. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Oppenheimer upped their target price on shares of Visa from $321.00 to $375.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods lifted their price target on shares of Visa from $335.00 to $360.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Finally, Wells Fargo & Company increased their price objective on shares of Visa from $325.00 to $360.00 and gave the company an "overweight" rating in a report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus target price of $331.92.
Read Our Latest Stock Report on V
Insider Activity
In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was 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. Corporate insiders own 0.13% of the company's stock.
Visa Profile
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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.
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