Visa Inc. (NYSE:V) Shares Purchased by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 1.0% in the fourth quarter, Holdings Channel reports. The firm owned 12,762 shares of the credit-card processor’s stock after buying an additional 123 shares during the period. Visa comprises 2.7% of Wolff Wiese Magana LLC’s investment portfolio, making the stock its 4th largest holding. Wolff Wiese Magana LLC’s holdings in Visa were worth $4,033,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of V. Edgestream Partners L.P. increased its position in shares of Visa by 27.0% during the 2nd quarter. Edgestream Partners L.P. now owns 9,860 shares of the credit-card processor’s stock worth $2,588,000 after purchasing an additional 2,096 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Visa by 0.5% during the second quarter. Mutual of America Capital Management LLC now owns 217,597 shares of the credit-card processor’s stock worth $57,113,000 after purchasing an additional 1,078 shares during the period. Charles Lim Capital Ltd lifted its position in shares of Visa by 225.0% during the second quarter. Charles Lim Capital Ltd now owns 325,000 shares of the credit-card processor’s stock worth $85,303,000 after purchasing an additional 225,000 shares in the last quarter. Meridian Wealth Partners LLC boosted its stake in shares of Visa by 8.1% in the second quarter. Meridian Wealth Partners LLC now owns 1,593 shares of the credit-card processor’s stock valued at $418,000 after purchasing an additional 119 shares during the period. Finally, Lingotto Investment Management LLP grew its holdings in shares of Visa by 11.2% in the second quarter. Lingotto Investment Management LLP now owns 32,348 shares of the credit-card processor’s stock valued at $8,490,000 after purchasing an additional 3,253 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

V has been the subject of several recent research reports. Royal Bank of Canada raised their price target on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. TD Cowen lifted their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their price target on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Jefferies Financial Group lifted their price objective on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer upped their target price on shares of Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $331.92.

Visa Price Performance

Shares of NYSE:V opened at $316.45 on Thursday. The business’s 50 day simple moving average is $312.76 and its 200-day simple moving average is $287.65. The firm has a market capitalization of $589.51 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $321.61.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the firm posted $2.33 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts forecast that Visa Inc. will post 11.22 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s payout ratio is currently 24.25%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.