Integrated Wealth Concepts LLC increased its stake in Visa Inc. (NYSE:V - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,546 shares of the credit-card processor's stock after buying an additional 6,576 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Visa were worth $26,720,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Hirtle Callaghan & Co LLC lifted its stake in shares of Visa by 1.3% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after buying an additional 29 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in Visa by 3.3% during the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock valued at $297,000 after acquiring an additional 30 shares during the period. Warther Private Wealth LLC boosted its stake in shares of Visa by 1.0% in the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock worth $928,000 after acquiring an additional 30 shares during the period. Valmark Advisers Inc. grew its position in shares of Visa by 0.4% during 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. Finally, Strategic Family Wealth Counselors L.L.C. raised its stake in Visa by 0.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock valued at $2,302,000 after purchasing an additional 30 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Visa
In other news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $188,186.28. This represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,842,490 in the last quarter. Corporate insiders own 0.13% of the company's stock.
Analyst Upgrades and Downgrades
V has been the subject of several recent analyst reports. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. The Goldman Sachs Group raised their price objective on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Citigroup reaffirmed a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. William Blair restated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Finally, Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Seven investment 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. According to MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus target price of $355.84.
Get Our Latest Research Report on Visa
Visa Stock Up 0.9 %
Shares of Visa stock opened at $334.49 on Thursday. The stock has a market cap of $621.40 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.33 and a beta of 0.94. The firm's 50-day moving average is $339.19 and its two-hundred day moving average is $321.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54.
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 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%. As a group, research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.
Visa Profile
(
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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