GWN Securities Inc. Takes $1.35 Million Position in Visa Inc. (NYSE:V)

GWN Securities Inc. bought a new stake in Visa Inc. (NYSE:VFree Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 4,078 shares of the credit-card processor’s stock, valued at approximately $1,346,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the third quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Visa in the fourth quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa in the fourth quarter valued at about $27,000. POM Investment Strategies LLC raised its holdings in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in shares of Visa in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. UBS Group increased their price target on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Morgan Stanley increased their price target on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Oppenheimer restated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Finally, William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Check Out Our Latest Stock Analysis on Visa

Visa Price Performance

Shares of NYSE:V opened at $331.72 on Friday. The company has a 50 day moving average of $337.96 and a 200 day moving average of $310.90. The stock has a market cap of $616.26 billion, a P/E ratio of 33.44, a P/E/G ratio of 2.33 and a beta of 0.95. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:VGet Free Report) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.71%. Visa’s payout ratio is presently 23.79%.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold a total of 103,855 shares of company stock worth $35,165,827 over the last three months. 0.13% of the stock is owned by insiders.

About Visa

(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

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

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