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Yarbrough Capital LLC Acquires 3,602 Shares of Visa Inc. (NYSE:V)

Visa logo with Business Services background

Yarbrough Capital LLC raised its stake in Visa Inc. (NYSE:V - Free Report) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,264 shares of the credit-card processor's stock after purchasing an additional 3,602 shares during the quarter. Visa comprises about 0.6% of Yarbrough Capital LLC's investment portfolio, making the stock its 25th biggest position. Yarbrough Capital LLC's holdings in Visa were worth $14,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in Visa during the 3rd quarter valued at $26,000. Modus Advisors LLC purchased a new position in Visa in the 4th quarter valued at about $32,000. Reston Wealth Management LLC acquired a new stake in shares of Visa during the third quarter valued at about $31,000. West Financial Advisors LLC increased its position in shares of Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor's stock worth $40,000 after acquiring an additional 73 shares during the last quarter. Finally, Global Wealth Strategies & Associates lifted its stake in shares of Visa by 79.0% in the third quarter. Global Wealth Strategies & Associates now owns 179 shares of the credit-card processor's stock worth $49,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Visa Trading Up 0.9 %

Shares of NYSE V traded up $2.72 during mid-day trading on Friday, hitting $319.97. 5,746,152 shares of the company traded hands, compared to its average volume of 5,703,089. The business has a 50 day moving average of $313.41 and a two-hundred day moving average of $288.45. The stock has a market capitalization of $596.06 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 2.06 and a beta of 0.96. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The firm's quarterly revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Visa Inc. will post 11.22 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa's previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.74%. Visa's payout ratio is presently 24.25%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on V. Royal Bank of Canada boosted their target price on shares of Visa from $311.00 to $322.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Robert W. Baird upped their price objective on Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. TD Cowen upped their price target on Visa from $318.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Visa from $335.00 to $360.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Visa has an average rating of "Moderate Buy" and a consensus price target of $331.92.

View Our Latest Stock 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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Institutional Ownership by Quarter for Visa (NYSE:V)

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