Visa Inc. (NYSE:V) Shares Purchased by Value Star Asset Management Hong Kong Ltd

Value Star Asset Management Hong Kong Ltd lifted its stake in Visa Inc. (NYSE:V) by 75.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,000 shares of the credit-card processor’s stock after acquiring an additional 3,000 shares during the period. Visa accounts for approximately 0.6% of Value Star Asset Management Hong Kong Ltd’s holdings, making the stock its 16th biggest position. Value Star Asset Management Hong Kong Ltd’s holdings in Visa were worth $1,822,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Nadler Financial Group Inc. increased its position 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 worth $495,000 after acquiring an additional 44 shares in the last quarter. Towerpoint Wealth LLC purchased a new position in Visa during the 4th quarter worth approximately $216,000. Andrew Hill Investment Advisors Inc. acquired a new stake in Visa during the 4th quarter valued at $3,427,000. Wayfinding Financial LLC lifted its holdings in shares of Visa by 10.1% in the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after purchasing an additional 161 shares in the last quarter. Finally, Richelieu Gestion SA acquired a new stake in shares of Visa in the fourth quarter worth $307,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on V shares. Wedbush upped their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Citigroup increased their price target on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Royal Bank of Canada lifted their price objective on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. KeyCorp lifted their price objective on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Finally, Macquarie lifted their price target on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Visa Stock Down 0.5 %

Shares of V stock traded down $1.29 during trading hours on Wednesday, hitting $267.32. 6,041,262 shares of the company were exchanged, compared to its average volume of 5,937,083. The company has a market capitalization of $490.94 billion, a PE ratio of 29.86, a PEG ratio of 1.87 and a beta of 0.96. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The business has a 50 day moving average of $278.98 and a two-hundred day moving average of $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 (NYSE:V) last released 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 for 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 quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 EPS. Analysts anticipate that Visa Inc. will post 9.9 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors 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 0.78%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Buying and Selling at Visa

In related news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value 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 ninety days. 0.19% of the stock is currently owned by corporate insiders.

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.