Dakota Wealth Management Boosts Stock Position in Visa Inc. (NYSE:V)

Dakota Wealth Management raised its position in shares of Visa Inc. (NYSE:V) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,621 shares of the credit-card processor’s stock after acquiring an additional 1,233 shares during the quarter. Visa makes up approximately 1.3% of Dakota Wealth Management’s holdings, making the stock its 9th largest position. Dakota Wealth Management’s holdings in Visa were worth $32,966,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Hibernia Wealth Partners LLC bought a new stake in shares of Visa in the 3rd quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Visa in the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $32,000. Financial Freedom LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $32,000. Finally, Nalls Sherbakoff Group LLC boosted its position in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on V. Monness Crespi & Hardt began coverage on Visa in a research report on Wednesday, December 20th. They issued a “neutral” rating on the stock. KeyCorp upped their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Keefe, Bruyette & Woods upped their price objective on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. TD Cowen initiated coverage on Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective on the stock. Finally, Raymond James upped their price objective on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $296.87.

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the 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 directly 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. In the last quarter, insiders sold 55,511 shares of company stock worth $15,131,081. Corporate insiders own 0.19% of the company’s stock.

Visa Trading Up 0.0 %

NYSE:V opened at $271.34 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $498.32 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The business has a fifty day moving average price of $279.93 and a 200-day moving average price of $262.49.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the prior year, the business posted $2.18 EPS. Visa’s revenue for the quarter was up 9.3% compared to the same quarter last year. Sell-side analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. Visa’s payout ratio is presently 23.94%.

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.