Regent Peak Wealth Advisors LLC Purchases Shares of 5,281 Visa Inc. $V

Regent Peak Wealth Advisors LLC acquired a new stake in Visa Inc. (NYSE:V) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,281 shares of the credit-card processor’s stock, valued at approximately $1,803,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in V. Brighton Jones LLC boosted its position in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after buying an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after acquiring an additional 4,817 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its stake in shares of Visa by 4.6% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock worth $3,834,000 after acquiring an additional 477 shares in the last quarter. Axiom Investors LLC DE grew its stake in shares of Visa by 4.7% in the 1st quarter. Axiom Investors LLC DE now owns 875,340 shares of the credit-card processor’s stock worth $306,772,000 after acquiring an additional 38,922 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in shares of Visa by 1.6% in the first quarter. Evergreen Capital Management LLC now owns 22,528 shares of the credit-card processor’s stock valued at $7,895,000 after purchasing an additional 345 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the sale, the insider owned 26,413 shares of the company’s stock, valued at $8,608,789.09. The trade was a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lloyd Carney sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the transaction, the director directly owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,042 shares of company stock worth $8,175,152 over the last quarter. Corporate insiders own 0.12% of the company’s stock.

Visa Price Performance

Visa stock opened at $355.09 on Friday. The business’s 50 day simple moving average is $338.61 and its 200 day simple moving average is $344.13. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The company has a market cap of $646.87 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.09 and a beta of 0.82. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.01. The firm had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The business’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.71 earnings per share. Sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were given a dividend of $0.67 per share. This is a boost from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, November 12th. Visa’s dividend payout ratio (DPR) is 26.25%.

Analyst Upgrades and Downgrades

V has been the topic of several analyst reports. Morgan Stanley set a $398.00 price target on shares of Visa and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Robert W. Baird set a $425.00 target price on Visa in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a report on Wednesday, October 8th. Macquarie dropped their price target on Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Finally, Evercore ISI set a $380.00 price objective on Visa in a research report on Friday, December 12th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $402.52.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.