Visa Inc. (NYSE:V) Shares Bought by Principle Wealth Partners LLC

Principle Wealth Partners LLC boosted its holdings in shares of Visa Inc. (NYSE:V) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,259 shares of the credit-card processor’s stock after purchasing an additional 187 shares during the period. Visa makes up approximately 0.9% of Principle Wealth Partners LLC’s holdings, making the stock its 28th biggest position. Principle Wealth Partners LLC’s holdings in Visa were worth $9,961,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in shares of Visa during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa during the fourth quarter valued at approximately $32,000. Valued Wealth Advisors LLC acquired a new stake in shares of Visa during the fourth quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. raised its holdings in shares of Visa by 66.2% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after acquiring an additional 94 shares during the period. Finally, Macroview Investment Management LLC raised its holdings in shares of Visa by 1,019.2% during the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after acquiring an additional 265 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Price Performance

Shares of V traded down $0.64 during trading hours on Friday, hitting $274.52. 6,840,615 shares of the company were exchanged, compared to its average volume of 6,528,673. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The company has a market cap of $504.16 billion, a price-to-earnings ratio of 30.67, a P/E/G ratio of 1.89 and a beta of 0.96. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The firm’s fifty day moving average is $279.24 and its 200 day moving average is $264.52.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $2.09 earnings per share. On average, equities analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio (DPR) is 23.24%.

Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 19,874 shares of company stock worth $5,506,827 over the last ninety days. 0.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on V. Citigroup boosted their price target on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada upped their price objective on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday. TD Cowen began coverage on Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 price target for the company. Keefe, Bruyette & Woods upped their price target on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Macquarie boosted their price objective on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $302.58.

Visa 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.