Chicago Partners Investment Group LLC trimmed its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,550 shares of the credit-card processor’s stock after selling 1,739 shares during the period. Chicago Partners Investment Group LLC’s holdings in Visa were worth $11,113,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Peterson Financial Group Inc. purchased a new stake in Visa during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the fourth quarter worth approximately $26,000. Reston Wealth Management LLC bought a new stake in shares of Visa in the third quarter worth $31,000. Modus Advisors LLC acquired a new stake in Visa in the fourth quarter valued at $32,000. Finally, West Financial Advisors LLC boosted its stake in Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.
Visa Stock Performance
Shares of V stock opened at $345.92 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $351.25. The stock’s 50-day moving average is $317.74 and its two-hundred day moving average is $293.27. The firm has a market cap of $644.41 billion, a P/E ratio of 34.87, a PEG ratio of 2.30 and a beta of 0.97.
Visa Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s payout ratio is presently 23.79%.
Wall Street Analyst Weigh In
V has been the topic of a number of recent analyst reports. William Blair restated an “outperform” rating on shares of Visa in a research note on Friday. UBS Group increased their target price on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird lifted their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Citigroup upped their price target on Visa from $354.00 to $393.00 and gave the company a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $354.73.
Get Our Latest Stock Analysis on Visa
Insider Activity at Visa
In related news, insider Paul D. Fabara sold 2,171 shares of the company’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. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.
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.
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