Yarger Wealth Strategies LLC Increases Stock Position in Visa Inc. (NYSE:V)

Yarger Wealth Strategies LLC raised its stake in Visa Inc. (NYSE:V) by 9.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor 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 reporting period.

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

Insider Transactions at Visa

In other news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,311 shares of company stock valued at $12,832,129. 0.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

V has been the topic of a number of analyst reports. Monness Crespi & Hardt assumed coverage on Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. Wells Fargo & Company boosted their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Susquehanna raised their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Redburn Atlantic restated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a report on Wednesday. Finally, Jefferies Financial Group increased their target price on Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $295.82.

Visa Stock Down 0.1 %

NYSE V traded down $0.24 during mid-day trading on Thursday, reaching $278.78. The stock had a trading volume of 5,844,191 shares, compared to its average volume of 5,650,746. The stock has a market cap of $511.98 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a fifty day moving average price of $279.11 and a 200 day moving average price of $258.66.

Visa (NYSE:V) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter last year, the company earned $2.18 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, research analysts expect that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors 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 yield of 0.75%. Visa’s payout ratio is 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.