Annex Advisory Services LLC lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 17.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,944 shares of the credit-card processor's stock after buying an additional 26,625 shares during the quarter. Visa comprises 1.7% of Annex Advisory Services LLC's investment portfolio, making the stock its 13th biggest position. Annex Advisory Services LLC's holdings in Visa were worth $56,237,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Unionview LLC lifted its position in Visa by 1.5% during the 3rd quarter. Unionview LLC now owns 2,296 shares of the credit-card processor's stock worth $631,000 after acquiring an additional 33 shares during the period. Forza Wealth Management LLC raised its stake in shares of Visa by 2.9% in the fourth quarter. Forza Wealth Management LLC now owns 1,164 shares of the credit-card processor's stock worth $368,000 after purchasing an additional 33 shares during the last quarter. Presilium Private Wealth LLC boosted its position in Visa by 2.2% in the fourth quarter. Presilium Private Wealth LLC now owns 1,503 shares of the credit-card processor's stock valued at $475,000 after buying an additional 33 shares during the last quarter. St. Louis Trust Co boosted its position in Visa by 0.9% in the third quarter. St. Louis Trust Co now owns 3,885 shares of the credit-card processor's stock valued at $1,068,000 after buying an additional 34 shares during the last quarter. Finally, FWG Holdings LLC increased its holdings in Visa by 1.1% in the 3rd quarter. FWG Holdings LLC now owns 3,168 shares of the credit-card processor's stock worth $900,000 after buying an additional 34 shares during the period. 82.15% of the stock is owned by institutional investors.
Visa Stock Up 1.3 %
Shares of Visa stock traded up $4.14 during trading hours on Tuesday, reaching $323.76. 5,652,636 shares of the company were exchanged, compared to its average volume of 5,746,346. The firm has a market cap of $603.12 billion, a PE ratio of 33.27, a PEG ratio of 2.15 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $324.58. The stock's fifty day moving average is $313.59 and its 200 day moving average is $289.09.
Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts' consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The business's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that Visa Inc. will post 11.2 earnings per share for the current year.
Visa Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio (DPR) is 24.25%.
Insider Buying and Selling
In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company's stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several analysts recently commented on V shares. Macquarie raised their target price on Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Monness Crespi & Hardt reaffirmed a "neutral" rating on shares of Visa in a research note on Tuesday, September 24th. Piper Sandler lifted their target price on shares of Visa from $319.00 to $322.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Susquehanna increased their price target on shares of Visa from $339.00 to $375.00 and gave the stock a "positive" rating in a report on Wednesday, December 11th. Finally, BMO Capital Markets lifted their price objective on shares of Visa from $310.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $331.92.
Read Our Latest Analysis 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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