Wayfinding Financial LLC bought a new stake in Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,950 shares of the credit-card processor's stock, valued at approximately $616,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Elevation Wealth Partners LLC boosted its stake in shares of 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 last quarter. Warther Private Wealth LLC increased its position in 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 buying an additional 30 shares during the period. Valmark Advisers Inc. boosted its position in Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock worth $2,292,000 after acquiring an additional 30 shares during the period. Strategic Family Wealth Counselors L.L.C. boosted 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 in the last quarter. Finally, Crescent Grove Advisors LLC raised its holdings in Visa by 2.2% during the 4th quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor's stock worth $454,000 after buying an additional 31 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.
Visa Stock Up 0.3 %
Shares of NYSE:V traded up $1.08 during trading on Tuesday, reaching $344.95. 3,930,720 shares of the stock were exchanged, compared to its average volume of 6,717,931. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a fifty day moving average of $341.94 and a two-hundred day moving average of $314.21. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The firm has a market cap of $640.84 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.
Visa (NYSE:V - Get Free Report) last issued its quarterly 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%. Research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Dividend Announcement
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. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's dividend payout ratio is presently 23.79%.
Insider Activity at Visa
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction dated 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 directly owns 4,488 shares in the company, valued at $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,205 shares of company stock worth $48,560,961. Corporate insiders own 0.13% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Citigroup restated a "neutral" rating on shares of Visa in a report on Thursday, February 13th. The Goldman Sachs Group boosted their price objective on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. StockNews.com upgraded Visa from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Morgan Stanley increased their price target 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. Finally, Wells Fargo & Company boosted their target price on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $353.96.
Check Out Our Latest Stock Report on V
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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