Onyx Bridge Wealth Group LLC Has $2.26 Million Stock Holdings in Visa Inc. (NYSE:V)

Onyx Bridge Wealth Group LLC decreased its stake in Visa Inc. (NYSE:V) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,155 shares of the credit-card processor’s stock after selling 250 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Visa were worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Absher Wealth Management LLC increased its stake in shares of Visa by 1.6% in the fourth quarter. Absher Wealth Management LLC now owns 90,512 shares of the credit-card processor’s stock valued at $28,605,000 after buying an additional 1,425 shares during the period. Foguth Wealth Management LLC. grew its stake in Visa by 7.4% during the fourth quarter. Foguth Wealth Management LLC. now owns 869 shares of the credit-card processor’s stock worth $287,000 after purchasing an additional 60 shares during the period. Clayton Financial Group LLC acquired a new stake in Visa during the fourth quarter worth approximately $211,000. Meritage Portfolio Management acquired a new stake in Visa during the fourth quarter worth approximately $306,000. Finally, Choreo LLC grew its stake in Visa by 17.1% during the fourth quarter. Choreo LLC now owns 80,921 shares of the credit-card processor’s stock worth $25,530,000 after purchasing an additional 11,806 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on V. Morgan Stanley raised their target price on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. BMO Capital Markets raised their target price on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird raised their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barclays increased their price target on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada increased their price target on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $354.73.

Insider Activity

In related news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is owned by corporate insiders.

Visa Stock Performance

NYSE:V opened at $348.26 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The business has a fifty day simple moving average of $320.41 and a two-hundred day simple moving average of $295.12. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $351.25. The company has a market capitalization of $648.77 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, analysts expect that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Visa Company 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.