Yoffe Investment Management LLC Takes Position in Visa Inc. (NYSE:V)

Yoffe Investment Management LLC acquired a new position in shares of Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,436 shares of the credit-card processor's stock, valued at approximately $1,086,000. Visa accounts for approximately 1.1% of Yoffe Investment Management LLC's investment portfolio, making the stock its 22nd largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Visa by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after acquiring an additional 7,079,706 shares in the last quarter. State Street Corp grew its position in shares of Visa by 4.5% during the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock worth $21,064,179,000 after buying an additional 3,327,977 shares in the last quarter. Geode Capital Management LLC raised its holdings in Visa by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock valued at $12,729,901,000 after acquiring an additional 1,689,926 shares in the last quarter. Norges Bank purchased a new position in Visa in the fourth quarter worth approximately $5,171,271,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Visa by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor's stock valued at $3,868,646,000 after purchasing an additional 718,558 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

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Visa Stock Performance

NYSE V traded down $25.93 during trading hours on Friday, hitting $313.46. 13,195,055 shares of the stock were exchanged, compared to its average volume of 7,209,904. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $582.34 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The stock has a 50-day moving average of $345.02 and a 200 day moving average of $316.89.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate 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, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. Visa's dividend payout ratio is presently 23.79%.

Insider Activity at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock worth $48,842,490 over the last 90 days. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Raymond James reiterated an "outperform" rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Bank of America boosted their target price on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Susquehanna reiterated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Morgan Stanley raised their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Finally, UBS Group upped their target price on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $355.84.

Visa Company Profile

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.