Visa Inc. (NYSE:V) Shares Bought by Yarger Wealth Strategies LLC

Yarger Wealth Strategies LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 9.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,472 shares of the credit-card processor’s stock after purchasing an additional 125 shares during the quarter. Yarger Wealth Strategies LLC’s holdings in Visa were worth $383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Hibernia Wealth Partners LLC purchased a new position in shares of Visa in the third quarter valued at $25,000. Altshuler Shaham Ltd purchased a new position in Visa during the 3rd quarter valued at about $25,000. West Tower Group LLC acquired a new position in Visa during the second quarter worth about $30,000. Nalls Sherbakoff Group LLC lifted its holdings in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity

In other Visa news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,311 shares of company stock valued at $12,832,129. 0.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on V shares. BMO Capital Markets assumed coverage on Visa in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 price objective on the stock. Jefferies Financial Group raised their price target on shares of Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Raymond James boosted their price objective on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Wells Fargo & Company upped their price objective on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.82.

Visa Stock Down 0.1 %

V traded down $0.24 during trading hours on Thursday, hitting $278.78. 5,844,191 shares of the company’s stock were exchanged, compared to its average volume of 5,650,746. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The stock’s 50-day moving average is $279.11 and its two-hundred day moving average is $258.66. The stock has a market cap of $511.98 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 earnings per share. Sell-side analysts predict that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio is presently 23.94%.

About Visa

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.