Visa Inc. (NYSE:V) Shares Bought by Apollon Financial LLC

Apollon Financial LLC increased its stake in Visa Inc. (NYSE:V) by 10.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,192 shares of the credit-card processor’s stock after acquiring an additional 117 shares during the quarter. Apollon Financial LLC’s holdings in Visa were worth $377,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Affiance Financial LLC grew its position in Visa by 5.4% during the 3rd quarter. Affiance Financial LLC now owns 954 shares of the credit-card processor’s stock worth $262,000 after purchasing an additional 49 shares in the last quarter. Martin Capital Advisors LLP grew its holdings in shares of Visa by 0.6% during the third quarter. Martin Capital Advisors LLP now owns 11,221 shares of the credit-card processor’s stock valued at $3,085,000 after buying an additional 66 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Visa by 1.0% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 163,901 shares of the credit-card processor’s stock valued at $45,065,000 after buying an additional 1,575 shares during the period. Thomasville National Bank lifted its stake in Visa by 3.6% in the 3rd quarter. Thomasville National Bank now owns 113,108 shares of the credit-card processor’s stock worth $31,099,000 after acquiring an additional 3,903 shares in the last quarter. Finally, Capricorn Fund Managers Ltd boosted its position in Visa by 75.7% during the 3rd quarter. Capricorn Fund Managers Ltd now owns 19,554 shares of the credit-card processor’s stock worth $5,376,000 after acquiring an additional 8,422 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

V opened at $351.26 on Tuesday. The stock has a market cap of $652.56 billion, a PE ratio of 35.41, a P/E/G ratio of 2.32 and a beta of 0.97. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $351.90. The stock’s 50 day simple moving average is $321.08 and its 200-day simple moving average is $296.19. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Sell-side analysts forecast that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio is 23.79%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were 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 in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup increased their price target on shares of Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. UBS Group increased their target price on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. TD Cowen boosted their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price objective on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their target price on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus price target of $354.73.

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.