Edge Capital Group LLC Increases Stake in Visa Inc. (NYSE:V)

Edge Capital Group LLC increased its holdings in Visa Inc. (NYSE:V) by 4.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,864 shares of the credit-card processor’s stock after purchasing an additional 462 shares during the period. Edge Capital Group LLC’s holdings in Visa were worth $3,434,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Peterson Financial Group Inc. purchased a new stake in Visa during the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in Visa during the 4th quarter valued at $26,000. Reston Wealth Management LLC purchased a new stake in Visa during the 3rd quarter valued at $31,000. POM Investment Strategies LLC boosted its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the period. Finally, Modus Advisors LLC purchased a new stake in Visa during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.4 %

NYSE:V opened at $350.61 on Thursday. The firm has a market cap of $651.36 billion, a P/E ratio of 35.34, a P/E/G ratio of 2.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $357.15. The firm has a 50-day simple moving average of $331.31 and a two-hundred day simple moving average of $304.27.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts predict that Visa Inc. will post 11.3 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, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

Analyst Ratings Changes

Several equities research analysts have weighed in on V shares. Barclays increased their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Jefferies Financial Group raised their target price on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Wells Fargo & Company raised their target price on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, UBS Group raised their target price on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Insider Activity

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,885 shares of company stock valued at $19,161,447 in the last 90 days. 0.13% of the stock is currently owned by insiders.

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.