6,469 Shares in Visa Inc. (NYSE:V) Purchased by Stenger Family Office LLC

Stenger Family Office LLC bought a new stake in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,469 shares of the credit-card processor's stock, valued at approximately $2,045,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hirtle Callaghan & Co LLC boosted 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 acquiring an additional 29 shares during the period. Elevation Wealth Partners LLC raised its stake in Visa by 3.3% in the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after purchasing an additional 30 shares in the last quarter. Warther Private Wealth LLC boosted its holdings in Visa by 1.0% in the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after purchasing an additional 30 shares during the period. Valmark Advisers Inc. grew its position in shares of Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock worth $2,292,000 after purchasing an additional 30 shares in the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. increased its holdings in shares of Visa by 0.4% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock worth $2,302,000 after purchasing an additional 30 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 0.6 %

V stock traded down $2.07 during mid-day trading on Friday, reaching $329.26. The company's stock had a trading volume of 5,640,095 shares, compared to its average volume of 7,231,438. The company has a market cap of $611.69 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The business's 50 day moving average price is $341.11 and its 200 day moving average price is $320.08. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate 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 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.72%. Visa's dividend payout ratio (DPR) is presently 23.79%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on V shares. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Raymond James reissued an "outperform" rating and set a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Piper Sandler reaffirmed an "overweight" rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Finally, Evercore ISI assumed coverage on shares of Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Visa has a consensus rating of "Moderate Buy" and an average target price of $355.84.

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's stock in a transaction on Monday, February 3rd. The shares were 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 in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $2,930,800.00. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,842,490 in the last three months. Company insiders own 0.13% of the company's stock.

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.