Genesis Financial Group LLC Makes New Investment in Visa Inc. $V

Genesis Financial Group LLC purchased a new position in shares of Visa Inc. (NYSE:VFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 9,839 shares of the credit-card processor’s stock, valued at approximately $3,451,000. Visa makes up about 2.0% of Genesis Financial Group LLC’s holdings, making the stock its 14th biggest holding.

Several other hedge funds also recently modified their holdings of the business. Parvin Asset Management LLC raised its stake in Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after purchasing an additional 50 shares during the last quarter. Dorato Capital Management bought a new stake in Visa in the 4th quarter valued at $30,000. Sagard Holdings Management Inc. acquired a new stake in Visa in the 2nd quarter worth $31,000. Imprint Wealth LLC bought a new position in shares of Visa during the 3rd quarter worth about $39,000. Finally, Strategic Advocates LLC bought a new position in shares of Visa during the 3rd quarter worth about $43,000. 82.15% of the stock is owned by institutional investors.

Key Visa News

Here are the key news stories impacting Visa this week:

Visa Trading Up 0.0%

Shares of V stock opened at $300.88 on Friday. The company has a market capitalization of $546.14 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.72 and a beta of 0.80. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $375.51. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $315.08 and a 200 day moving average price of $331.47.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.03. The firm had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.75 earnings per share. Research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Visa’s dividend payout ratio is 25.14%.

Wall Street Analyst Weigh In

V has been the subject of a number of research reports. Evercore set a $380.00 price objective on Visa in a research report on Friday, December 12th. Daiwa Securities Group upgraded Visa from a “neutral” rating to an “outperform” rating and set a $370.00 target price for the company in a research note on Monday, February 2nd. Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Morgan Stanley reiterated an “overweight” rating and set a $411.00 price target (up from $398.00) on shares of Visa in a research note on Friday, January 30th. Finally, HSBC raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Seven analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Visa presently has a consensus rating of “Buy” and a consensus target price of $390.96.

Check Out Our Latest Stock Report on Visa

Insiders Place Their Bets

In related news, Director Lloyd Carney sold 650 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the sale, the director directly owned 2,679 shares of the company’s stock, valued at $829,471.98. This trade represents a 19.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is owned by corporate insiders.

About Visa

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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