United Services Automobile Association Has $12.21 Million Position in Visa Inc. (NYSE:V)

United Services Automobile Association boosted its position in Visa Inc. (NYSE:V) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,648 shares of the credit-card processor’s stock after buying an additional 533 shares during the quarter. United Services Automobile Association’s holdings in Visa were worth $12,214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. bought a new position in Visa during the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa during the 4th quarter worth about $27,000. POM Investment Strategies LLC raised its position in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Visa in the fourth quarter valued at about $32,000. Finally, Compass Planning Associates Inc acquired a new stake in Visa during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Down 0.9 %

Shares of V opened at $336.51 on Monday. The business’s fifty day moving average price is $340.48 and its two-hundred day moving average price is $313.29. The firm has a market capitalization of $625.15 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 2.33 and a beta of 0.95. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (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%. On average, analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.70%. Visa’s dividend payout ratio is currently 23.79%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. The Goldman Sachs Group upped their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. UBS Group increased their price objective on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Susquehanna reaffirmed a “positive” rating on shares of Visa in a report on Friday. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is currently owned by insiders.

Visa 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.