Signal Advisors Wealth LLC Has $5.49 Million Stock Holdings in Visa Inc. (NYSE:V)

Signal Advisors Wealth LLC boosted its position in shares of Visa Inc. (NYSE:V - Free Report) by 21.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,376 shares of the credit-card processor's stock after purchasing an additional 3,013 shares during the period. Signal Advisors Wealth LLC's holdings in Visa were worth $5,491,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in V. International Assets Investment Management LLC raised its holdings in shares of 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. SG Americas Securities LLC lifted its position in shares of Visa by 4,412.3% during the third quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor's stock worth $1,119,725,000 after purchasing an additional 4,166,905 shares in the last quarter. State Street Corp lifted its position in shares of Visa by 4.5% during the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock worth $21,064,179,000 after purchasing an additional 3,327,977 shares in the last quarter. FMR LLC grew its stake in shares of Visa by 6.1% during 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 purchasing an additional 3,265,518 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 2,772,549 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on V. TD Cowen upped their price objective on Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Morgan Stanley upped their price target on Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. BMO Capital Markets lifted their price objective on Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Barclays raised their target price on shares of Visa from $319.00 to $347.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Finally, Jefferies Financial Group boosted their price target on shares of Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $331.92.

Visa Price Performance

NYSE:V opened at $309.24 on Wednesday. The stock's 50-day simple moving average is $312.76 and its 200 day simple moving average is $287.65. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $321.61. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $576.08 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analysts' expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business's revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.33 EPS. As a group, sell-side analysts forecast that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa's previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. Visa's payout ratio is currently 24.25%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Visa Company 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.