Visa Inc. (NYSE:V) Position Boosted by Xponance Inc.

Xponance Inc. increased its holdings in Visa Inc. (NYSE:V) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,245 shares of the credit-card processor’s stock after purchasing an additional 13,896 shares during the quarter. Visa accounts for 1.2% of Xponance Inc.’s holdings, making the stock its 11th biggest position. Xponance Inc.’s holdings in Visa were worth $133,130,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in V. Generali Asset Management SPA SGR acquired a new stake in Visa during the 4th quarter worth about $45,708,000. Evoke Wealth LLC increased its position in shares of Visa by 6.2% in the fourth quarter. Evoke Wealth LLC now owns 14,101 shares of the credit-card processor’s stock worth $4,457,000 after acquiring an additional 820 shares in the last quarter. Horizon Investments LLC lifted its position in shares of Visa by 4.1% in the 4th quarter. Horizon Investments LLC now owns 22,979 shares of the credit-card processor’s stock valued at $7,262,000 after acquiring an additional 900 shares in the last quarter. Carlson Capital Management boosted its stake in Visa by 11.8% in the 4th quarter. Carlson Capital Management now owns 941 shares of the credit-card processor’s stock worth $297,000 after purchasing an additional 99 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in Visa by 9.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,114,008 shares of the credit-card processor’s stock worth $351,852,000 after purchasing an additional 95,685 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the 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 transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were 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 have sold 103,855 shares of company stock valued at $35,165,827 in the last three months. 0.13% of the stock is owned by corporate insiders.

Visa Stock Up 0.8 %

NYSE V opened at $334.35 on Tuesday. The firm has a 50-day simple moving average of $338.39 and a 200 day simple moving average of $311.61. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $621.15 billion, a PE ratio of 33.70, a PEG ratio of 2.33 and a beta of 0.95. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping 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%. On average, research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Susquehanna increased their target price on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a report on Friday, February 21st. UBS Group increased their price target 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. Raymond James reaffirmed an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Wells Fargo & Company increased their target price on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Piper Sandler restated an “overweight” rating and set a $383.00 price target (up from $368.00) on shares of Visa in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Profile

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.