Hohimer Wealth Management LLC Purchases 156 Shares of Visa Inc. (NYSE:V)

Hohimer Wealth Management LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 3.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,087 shares of the credit-card processor’s stock after acquiring an additional 156 shares during the period. Hohimer Wealth Management LLC’s holdings in Visa were worth $1,399,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Peterson Financial Group Inc. acquired a new position in shares of Visa in the 3rd quarter valued at about $26,000. POM Investment Strategies LLC grew its position in Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 97 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Visa during the third quarter valued at about $31,000. TruNorth Capital Management LLC increased its holdings in Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after purchasing an additional 89 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. bought a new stake in Visa during the second quarter worth $35,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.

Visa Stock Performance

Visa stock opened at $312.38 on Wednesday. The firm has a market cap of $581.93 billion, a P/E ratio of 32.10, a P/E/G ratio of 2.07 and a beta of 0.96. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $317.42. The firm has a 50-day moving average of $296.38 and a 200-day moving average of $279.98. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the firm posted $2.33 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Sell-side analysts expect that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Wall Street Analysts Forecast Growth

Several research firms have commented on V. JPMorgan Chase & Co. increased their price objective on shares of Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Mizuho boosted their price objective on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Barclays increased their target price on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods raised their price objective on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $324.74.

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.