Butensky & Cohen Financial Security Inc. Acquires 232 Shares of Visa Inc. (NYSE:V)

Butensky & Cohen Financial Security Inc. increased its position in Visa Inc. (NYSE:V – Get Rating) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,644 shares of the credit-card processor’s stock after buying an additional 232 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in Visa were worth $3,873,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. First City Capital Management Inc. purchased a new stake in shares of Visa in the third quarter worth about $213,000. Capital Investment Advisors LLC increased its stake in Visa by 4.0% during the fourth quarter. Capital Investment Advisors LLC now owns 23,619 shares of the credit-card processor’s stock worth $4,907,000 after acquiring an additional 899 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Visa by 635.8% during the third quarter. Assenagon Asset Management S.A. now owns 132,176 shares of the credit-card processor’s stock worth $23,481,000 after acquiring an additional 114,212 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Visa by 1.9% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 38,412 shares of the credit-card processor’s stock worth $6,824,000 after acquiring an additional 707 shares during the last quarter. Finally, Kolinsky Wealth Management LLC increased its stake in Visa by 4.8% during the second quarter. Kolinsky Wealth Management LLC now owns 3,419 shares of the credit-card processor’s stock worth $673,000 after acquiring an additional 158 shares during the last quarter. 81.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other Visa news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of Visa stock in a transaction on Monday, March 6th. The shares were sold at an average price of $223.99, for a total value of $12,991,420.00. Following the transaction, the chairman now directly owns 162,354 shares of the company’s stock, valued at $36,365,672.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Visa news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $223.99, for a total value of $12,991,420.00. Following the completion of the sale, the chairman now directly owns 162,354 shares in the company, valued at $36,365,672.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Ryan Mcinerney sold 58,197 shares of the business’s stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $62.47, for a total value of $3,635,566.59. The disclosure for this sale can be found here. Insiders have sold a total of 191,312 shares of company stock valued at $33,751,165 over the last ninety days. 0.22% of the stock is owned by company insiders.

Visa Stock Performance

Visa stock opened at $217.39 on Friday. The company has a market capitalization of $408.91 billion, a PE ratio of 30.40, a P/E/G ratio of 1.71 and a beta of 0.97. The company has a 50 day moving average price of $223.62 and a 200-day moving average price of $208.28. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44. Visa Inc. has a fifty-two week low of $174.60 and a fifty-two week high of $234.30.

Visa (NYSE:V – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.17. The company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.70 billion. Visa had a net margin of 50.28% and a return on equity of 49.95%. Visa’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.81 earnings per share. As a group, equities analysts forecast that Visa Inc. will post 8.43 earnings per share for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 10th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.83%. This is a positive change from Visa’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, February 9th. Visa’s dividend payout ratio (DPR) is presently 25.17%.

Analyst Ratings Changes

Several equities research analysts have weighed in on V shares. Truist Financial boosted their price objective on Visa from $235.00 to $260.00 in a research note on Friday, January 20th. Wells Fargo & Company boosted their price objective on Visa from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, January 27th. Morgan Stanley boosted their price objective on Visa from $284.00 to $288.00 and gave the stock an “overweight” rating in a research note on Friday, January 27th. Oppenheimer boosted their price objective on Visa from $210.00 to $237.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Visa from $243.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, January 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.11.

Visa Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).