Enhancing Capital LLC Makes New Investment in Visa Inc. (NYSE:V)

Enhancing Capital LLC purchased a new position in shares of Visa Inc. (NYSE:V) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 7,144 shares of the credit-card processor’s stock, valued at approximately $2,258,000. Visa makes up 1.8% of Enhancing Capital LLC’s portfolio, making the stock its 16th biggest holding.

Several other institutional investors also recently added to or reduced their stakes in V. Swedbank AB grew its stake in shares of Visa by 10.7% in the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after purchasing an additional 199,440 shares during the last quarter. Howard Capital Management Group LLC grew its stake in shares of Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after purchasing an additional 610 shares during the last quarter. Pettinga Financial Advisors LLC purchased a new position in shares of Visa in the 3rd quarter valued at approximately $228,000. Principal Financial Group Inc. grew its stake in shares of Visa by 7.7% in the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock valued at $1,576,366,000 after purchasing an additional 411,210 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Visa in the 3rd quarter valued at approximately $660,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $194,931. The trade was a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,855 shares of company stock worth $35,165,827. 0.13% of the stock is currently owned by insiders.

Visa Stock Performance

Visa stock opened at $334.35 on Tuesday. The firm has a market capitalization of $621.15 billion, a P/E ratio of 33.70, a PEG ratio of 2.33 and a beta of 0.95. The stock has a fifty day moving average price of $338.39 and a 200 day moving average price of $311.61. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS 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%. Equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.71%. Visa’s payout ratio is currently 23.79%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on V. Susquehanna lifted their price target on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research note on Friday, February 21st. Wells Fargo & Company lifted their price target on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Piper Sandler restated an “overweight” rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Oppenheimer restated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

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.