Visa Inc. (NYSE:V) Shares Acquired by Regatta Capital Group LLC

Regatta Capital Group LLC lifted its stake in shares of Visa Inc. (NYSE:VFree Report) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,249 shares of the credit-card processor’s stock after purchasing an additional 66 shares during the quarter. Visa comprises about 0.8% of Regatta Capital Group LLC’s investment portfolio, making the stock its 24th largest position. Regatta Capital Group LLC’s holdings in Visa were worth $3,189,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hibernia Wealth Partners LLC acquired a new position in shares of Visa during the 3rd quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in Visa in the 3rd quarter valued at about $25,000. West Tower Group LLC acquired a new stake in Visa in the 2nd quarter valued at about $30,000. Nalls Sherbakoff Group LLC grew its stake in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in Visa in the 4th quarter valued at about $37,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 0.3 %

Shares of V stock opened at $278.22 on Tuesday. The firm has a market cap of $510.95 billion, a P/E ratio of 32.02, a PEG ratio of 1.93 and a beta of 0.96. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The firm’s 50-day simple moving average is $279.62 and its 200-day simple moving average is $259.44.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same period in the prior year, the firm posted $2.18 EPS. The company’s revenue was up 9.3% on a year-over-year basis. As a group, equities analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s payout ratio is 23.94%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Visa news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,511 shares of company stock worth $15,131,081. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Susquehanna increased their price objective on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Monness Crespi & Hardt assumed coverage on shares of Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. Wedbush increased their price objective on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods upped their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, BMO Capital Markets began coverage on shares of Visa in a report on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 target price on the stock. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $295.82.

Get Our Latest Analysis on V

Visa Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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