Visa Inc. (NYSE:V) Shares Acquired by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC boosted its stake in Visa Inc. (NYSE:V) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,403 shares of the credit-card processor’s stock after acquiring an additional 65 shares during the period. St. Johns Investment Management Company LLC’s holdings in Visa were worth $1,708,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Custom Index Systems LLC acquired a new stake in Visa in the third quarter valued at $731,000. Copley Financial Group Inc. bought a new stake in Visa during the third quarter valued at $616,000. Oak Ridge Investments LLC increased its stake in Visa by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after purchasing an additional 4,198 shares during the last quarter. FORA Capital LLC bought a new stake in Visa during the third quarter valued at $7,987,000. Finally, Chicago Capital LLC increased its stake in Visa by 5.2% during the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock valued at $111,331,000 after purchasing an additional 20,023 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Price Performance

Shares of NYSE V opened at $330.20 on Monday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $331.09. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $615.11 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.17 and a beta of 0.96. The firm has a 50-day moving average of $314.95 and a two-hundred day moving average of $290.59.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the company earned $2.33 EPS. Visa’s revenue was up 11.7% on a year-over-year basis. As a group, analysts expect that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. Visa’s dividend payout ratio is currently 24.25%.

Analyst Upgrades and Downgrades

V has been the subject of several recent research reports. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Piper Sandler boosted their target price on shares of Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup boosted their target price on shares of Visa from $326.00 to $354.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Mizuho upped their price target on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods upped their price target on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $335.52.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction 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.