[ad_1]
Spire Wealth Management increased its position in Visa Inc. (NYSE:V – Free Report) by 4.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,999 shares of the credit-card processor’s stock after acquiring an additional 2,333 shares during the period. Spire Wealth Management’s holdings in Visa were worth $18,330,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Czech National Bank boosted its position in shares of Visa by 13.4% in the third quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock valued at $93,548,000 after acquiring an additional 40,268 shares during the period. Security National Bank boosted its position in shares of Visa by 0.4% in the third quarter. Security National Bank now owns 38,642 shares of the credit-card processor’s stock valued at $10,625,000 after acquiring an additional 149 shares during the period. Greenfield Savings Bank boosted its position in shares of Visa by 4.7% in the third quarter. Greenfield Savings Bank now owns 5,255 shares of the credit-card processor’s stock valued at $1,445,000 after acquiring an additional 235 shares during the period. Versant Capital Management Inc boosted its position in shares of Visa by 6.8% in the third quarter. Versant Capital Management Inc now owns 3,668 shares of the credit-card processor’s stock valued at $1,009,000 after acquiring an additional 234 shares during the period. Finally, Ignite Planners LLC raised its stake in shares of Visa by 3.6% in the third quarter. Ignite Planners LLC now owns 2,822 shares of the credit-card processor’s stock valued at $776,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.
Visa Trading Down 0.1 %
NYSE:V opened at $345.31 on Wednesday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $351.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The stock has a market capitalization of $643.27 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. The business’s 50-day simple moving average is $318.40 and its 200-day simple moving average is $293.81.
Visa (NYSE:V – Get Free Report) last announced its 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%. Sell-side analysts expect that Visa Inc. will post 11.2 earnings per share for the current fiscal year.
Visa Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.
Insiders Place Their Bets
In other 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 completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares of the company’s stock, 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 have sold 21,983 shares of company stock valued at $7,213,146 in the last 90 days. 0.13% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of research analysts recently commented on V shares. Deutsche Bank Aktiengesellschaft upped their target price on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays increased their price objective on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday. Bank of America increased their price objective on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average price target of $354.73.
Check Out Our Latest Stock Report on V
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.
Featured Articles
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).
Receive News & Ratings for Visa Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Visa and related companies with MarketBeat.com’s FREE daily email newsletter.
[ad_2]
Source link