Stableford Capital II LLC reduced its stake in shares of Visa Inc. (NYSE:V – Free Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,689 shares of the credit-card processor’s stock after selling 188 shares during the quarter. Visa makes up 1.5% of Stableford Capital II LLC’s holdings, making the stock its 18th largest position. Stableford Capital II LLC’s holdings in Visa were worth $3,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently made changes to their positions in V. Peterson Financial Group Inc. purchased a new stake in shares of Visa during the 3rd quarter worth $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the 4th quarter worth $26,000. Reston Wealth Management LLC purchased a new stake in shares of Visa during the 3rd quarter worth $31,000. Modus Advisors LLC purchased a new stake in shares of Visa during the 4th quarter worth $32,000. Finally, West Financial Advisors LLC lifted its stake in shares of Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 73 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
V has been the subject of a number of analyst reports. TD Cowen upped their price objective on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday. Barclays upped their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft upped their target price on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Mizuho upped their target price on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $354.73.
Insiders Place Their Bets
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.
Visa Stock Up 1.2 %
Visa stock opened at $345.92 on Tuesday. The firm has a market cap of $644.41 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $351.25. The business’s 50-day moving average price is $317.74 and its 200 day moving average price is $293.27. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, sell-side analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current year.
Visa Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s dividend payout ratio is currently 23.79%.
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.
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