Steward Partners Investment Advisory LLC Boosts Stake in Visa Inc. (NYSE:V)

Steward Partners Investment Advisory LLC increased its position in Visa Inc. (NYSE:VFree Report) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 188,003 shares of the credit-card processor’s stock after purchasing an additional 3,736 shares during the quarter. Visa makes up about 0.7% of Steward Partners Investment Advisory LLC’s investment portfolio, making the stock its 20th largest holding. Steward Partners Investment Advisory LLC’s holdings in Visa were worth $48,947,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pine Valley Investments Ltd Liability Co increased its holdings in Visa by 16.9% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 43,784 shares of the credit-card processor’s stock worth $11,399,000 after buying an additional 6,318 shares in the last quarter. CAP Partners LLC bought a new stake in shares of Visa in the fourth quarter worth approximately $671,000. AAFMAA Wealth Management & Trust LLC raised its holdings in shares of Visa by 24.2% during the fourth quarter. AAFMAA Wealth Management & Trust LLC now owns 10,462 shares of the credit-card processor’s stock valued at $2,724,000 after purchasing an additional 2,038 shares during the last quarter. 3Chopt Investment Partners LLC bought a new position in Visa during the fourth quarter valued at approximately $779,000. Finally, IPG Investment Advisors LLC lifted its position in Visa by 96.9% during the fourth quarter. IPG Investment Advisors LLC now owns 9,433 shares of the credit-card processor’s stock valued at $2,456,000 after purchasing an additional 4,642 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research reports. Wedbush upped their target price on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Robert W. Baird boosted their price target on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Evercore ISI upped their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Oppenheimer lifted their price objective on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $303.76.

Check Out Our Latest Stock Analysis on Visa

Insider Activity at Visa

In other news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders have sold a total of 34,402 shares of company stock valued at $9,559,382 over the last quarter. 0.19% of the stock is owned by corporate insiders.

Visa Trading Down 0.3 %

V stock traded down $0.91 during mid-day trading on Wednesday, reaching $270.07. The company had a trading volume of 1,141,429 shares, compared to its average volume of 6,268,056. The company has a market capitalization of $493.94 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.88 and a beta of 0.95. The firm has a 50 day moving average of $276.16 and a 200 day moving average of $270.48. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

Visa (NYSE:VGet Free Report) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.09 EPS. On average, equities analysts predict that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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