Venture Visionary Partners LLC Buys 1,483 Shares of Visa Inc. (NYSE:V)

Venture Visionary Partners LLC increased its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,543 shares of the credit-card processor's stock after acquiring an additional 1,483 shares during the period. Visa comprises about 0.9% of Venture Visionary Partners LLC's portfolio, making the stock its 24th biggest position. Venture Visionary Partners LLC's holdings in Visa were worth $29,567,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Decker Retirement Planning Inc. bought a new position in shares of Visa during the fourth quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa in the fourth quarter valued at $27,000. POM Investment Strategies LLC raised its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC acquired a new position in Visa during the 4th quarter worth about $32,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Visa in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Down 2.1 %

Shares of V traded down $7.19 on Thursday, reaching $339.14. The company's stock had a trading volume of 8,786,063 shares, compared to its average volume of 7,173,310. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The stock 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 has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average of $345.36 and a 200-day moving average of $316.73.

Remove Ads

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is currently 23.79%.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Morgan Stanley increased their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Finally, Raymond James reaffirmed an "outperform" rating and set a $393.00 price target (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $355.84.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 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 value of $2,930,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Peter M. Andreski sold 2,332 shares of the company's 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 completion of the transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,205 shares of company stock worth $48,842,490. Corporate 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.