Visa Inc. (NYSE:V) Shares Acquired by Osterweis Capital Management Inc.

Osterweis Capital Management Inc. lifted its holdings in shares of Visa Inc. (NYSE:V) by 0.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 146,692 shares of the credit-card processor’s stock after purchasing an additional 1,323 shares during the quarter. Visa makes up 2.2% of Osterweis Capital Management Inc.’s portfolio, making the stock its 8th largest holding. Osterweis Capital Management Inc.’s holdings in Visa were worth $46,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Coleford Investment Management Ltd. acquired a new stake in Visa in the fourth quarter worth $23,651,000. Greenwood Gearhart Inc. increased its holdings in shares of Visa by 7.5% in the 4th quarter. Greenwood Gearhart Inc. now owns 48,003 shares of the credit-card processor’s stock worth $15,171,000 after acquiring an additional 3,340 shares during the period. MSH Capital Advisors LLC bought a new stake in Visa in the 4th quarter valued at about $2,008,000. Zacks Investment Management boosted its stake in Visa by 3.6% during the 4th quarter. Zacks Investment Management now owns 52,820 shares of the credit-card processor’s stock valued at $16,693,000 after purchasing an additional 1,828 shares during the period. Finally, KilterHowling LLC grew its position in Visa by 10.8% in the 4th quarter. KilterHowling LLC now owns 2,775 shares of the credit-card processor’s stock worth $877,000 after purchasing an additional 270 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

NYSE V opened at $331.35 on Thursday. 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 Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a market cap of $615.57 billion, a PE ratio of 33.40, a PEG ratio of 2.33 and a beta of 0.94. The stock’s 50-day moving average price is $341.55 and its two-hundred day moving average price is $319.71.

Visa (NYSE:V) last released its quarterly earnings results 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%. On average, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $2,930,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,842,490 over the last quarter. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on V shares. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Bank of America increased their price target on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Morgan Stanley upped their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $355.84.

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.