Concord Wealth Partners Has $1.71 Million Holdings in Visa Inc. (NYSE:V)

Concord Wealth Partners boosted its holdings in shares of Visa Inc. (NYSE:V) by 22.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,571 shares of the credit-card processor’s stock after buying an additional 1,226 shares during the quarter. Concord Wealth Partners’ holdings in Visa were worth $1,711,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of V. Nadler Financial Group Inc. boosted its stake in shares of Visa by 2.4% in the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after buying an additional 44 shares during the period. Towerpoint Wealth LLC bought a new stake in Visa during the fourth quarter worth $216,000. Andrew Hill Investment Advisors Inc. bought a new stake in Visa during the fourth quarter worth $3,427,000. Wayfinding Financial LLC lifted its stake in Visa by 10.1% during the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after purchasing an additional 161 shares during the last quarter. Finally, Richelieu Gestion SA bought a new stake in Visa during the fourth quarter worth $307,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were 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 of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders sold a total of 19,874 shares of company stock worth $5,506,827 over the last three months. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on V shares. Wedbush increased their price target on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Raymond James increased their price target on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. UBS Group raised their target price on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, KeyCorp raised their target price on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

Visa Stock Performance

Shares of NYSE:V traded up $1.36 during mid-day trading on Wednesday, reaching $269.97. The company had a trading volume of 3,123,518 shares, compared to its average volume of 5,900,127. The company’s 50-day moving average price is $278.98 and its 200-day moving average price is $265.19. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The firm has a market cap of $495.80 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 1.87 and a beta of 0.96.

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

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders 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 annualized dividend and a yield of 0.77%. Visa’s payout ratio is 23.24%.

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.