Visa Inc. (NYSE:V) Shares Purchased by Charles Carroll Financial Partners LLC

Charles Carroll Financial Partners LLC grew its position in shares of Visa Inc. (NYSE:V) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,249 shares of the credit-card processor’s stock after purchasing an additional 400 shares during the period. Visa makes up about 5.1% of Charles Carroll Financial Partners LLC’s holdings, making the stock its 8th largest holding. Charles Carroll Financial Partners LLC’s holdings in Visa were worth $4,751,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Trifecta Capital Advisors LLC raised its holdings in Visa by 2.7% during the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock worth $4,641,000 after purchasing an additional 536 shares in the last quarter. Lodestone Wealth Management LLC lifted its position in Visa by 1.1% in the third quarter. Lodestone Wealth Management LLC now owns 7,052 shares of the credit-card processor’s stock valued at $1,622,000 after acquiring an additional 77 shares during the last quarter. Sumitomo Life Insurance Co. lifted its position in Visa by 1.1% in the third quarter. Sumitomo Life Insurance Co. now owns 34,124 shares of the credit-card processor’s stock valued at $7,849,000 after acquiring an additional 387 shares during the last quarter. Kathleen S. Wright Associates Inc. boosted its stake in Visa by 86.9% in the third quarter. Kathleen S. Wright Associates Inc. now owns 7,717 shares of the credit-card processor’s stock valued at $1,783,000 after acquiring an additional 3,589 shares in the last quarter. Finally, PDS Planning Inc grew its holdings in shares of Visa by 1.8% during the third quarter. PDS Planning Inc now owns 7,865 shares of the credit-card processor’s stock worth $1,809,000 after purchasing an additional 140 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on V. Susquehanna lifted their price objective on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Oppenheimer increased their price objective on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. UBS Group boosted their target price on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company increased their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, KeyCorp boosted their price objective on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.00.

Visa Stock Up 0.3 %

Visa stock traded up $0.88 during midday trading on Friday, hitting $268.49. The stock had a trading volume of 3,862,018 shares, compared to its average volume of 6,930,902. The business has a fifty day moving average price of $278.17 and a 200 day moving average price of $265.42. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The stock has a market cap of $493.08 billion, a P/E ratio of 30.00, a P/E/G ratio of 1.84 and a beta of 0.95. 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 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the firm earned $2.09 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts predict that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is 23.24%.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction that occurred 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 in the company, valued at $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’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 transaction, the chief accounting officer now 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. Over the last quarter, insiders sold 11,724 shares of company stock valued at $3,278,698. 0.19% of the stock is currently owned by corporate insiders.

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.