Tower Research Capital LLC TRC Grows Stock Holdings in Visa Inc. (NYSE:V)

Tower Research Capital LLC TRC raised its position in Visa Inc. (NYSE:V - Free Report) by 58.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,560 shares of the credit-card processor's stock after acquiring an additional 45,390 shares during the period. Visa makes up approximately 0.8% of Tower Research Capital LLC TRC's holdings, making the stock its 16th biggest holding. Tower Research Capital LLC TRC's holdings in Visa were worth $38,734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Transce3nd LLC purchased a new stake in Visa during the 4th quarter worth approximately $180,000. Trajan Wealth LLC grew its holdings in shares of Visa by 5.7% during the fourth quarter. Trajan Wealth LLC now owns 71,663 shares of the credit-card processor's stock valued at $22,648,000 after buying an additional 3,851 shares during the last quarter. Seaview Investment Managers LLC increased its position in shares of Visa by 14.1% in the 4th quarter. Seaview Investment Managers LLC now owns 1,073 shares of the credit-card processor's stock valued at $339,000 after acquiring an additional 133 shares during the period. Kelly Lawrence W & Associates Inc. CA raised its stake in Visa by 0.3% in the 4th quarter. Kelly Lawrence W & Associates Inc. CA now owns 48,058 shares of the credit-card processor's stock worth $15,188,000 after acquiring an additional 150 shares during the last quarter. Finally, Landing Point Financial Group LLC acquired a new stake in Visa during the 4th quarter worth about $1,559,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 0.9 %

V stock traded up $3.09 during mid-day trading on Wednesday, hitting $334.49. 8,904,789 shares of the company were exchanged, compared to its average volume of 7,224,018. The business has a fifty day simple moving average of $339.57 and a 200-day simple moving average of $321.41. The firm has a market capitalization of $621.40 billion, a P/E ratio of 33.72, a PEG 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 company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. Visa's dividend payout ratio is presently 23.79%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. William Blair restated an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a report on Thursday, February 13th. StockNews.com cut shares of Visa from a "buy" rating to a "hold" rating in a report on Wednesday, April 16th. Piper Sandler reaffirmed an "overweight" rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, Susquehanna reiterated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business'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 transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is currently owned by company insiders.

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.