Ieq Capital LLC boosted its position in Visa Inc. (NYSE:V - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,101 shares of the credit-card processor's stock after purchasing an additional 11,647 shares during the period. Ieq Capital LLC's holdings in Visa were worth $56,603,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the business. Elevation Wealth Partners LLC grew its position in Visa by 3.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after acquiring an additional 30 shares during the last quarter. Warther Private Wealth LLC raised its position 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 last quarter. Valmark Advisers Inc. boosted its stake in Visa by 0.4% in the fourth 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. Crescent Grove Advisors LLC grew its holdings in shares of Visa by 2.2% during the fourth quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor's stock worth $454,000 after purchasing an additional 31 shares during the last quarter. Finally, Vicus Capital increased its stake in shares of Visa by 3.1% in the fourth quarter. Vicus Capital now owns 1,032 shares of the credit-card processor's stock valued at $326,000 after buying an additional 31 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value 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. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,885 shares of company stock worth $19,161,447. Company insiders own 0.13% of the company's stock.
Visa Trading Down 0.6 %
Shares of V stock traded down $2.22 on Friday, hitting $348.27. The stock had a trading volume of 6,910,504 shares, compared to its average volume of 5,472,298. 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 Inc. has a twelve month low of $252.70 and a twelve month high of $357.15. The company has a fifty day moving average price of $329.14 and a two-hundred day moving average price of $302.03. The firm has a market cap of $647.01 billion, a P/E ratio of 35.11, a PEG ratio of 2.33 and a beta of 0.97.
Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's payout ratio is 23.79%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. BMO Capital Markets upped their price target on shares of Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Mizuho upped their target price on shares of Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Visa from $300.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. 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. Finally, Royal Bank of Canada increased their price objective on Visa from $311.00 to $322.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $353.96.
Check Out Our Latest Report on V
About Visa
(
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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