Visa Inc. (NYSE:V) Shares Purchased by Bellwether Advisors LLC

Bellwether Advisors LLC boosted its holdings in Visa Inc. (NYSE:V) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 968 shares of the credit-card processor’s stock after acquiring an additional 47 shares during the period. Bellwether Advisors LLC’s holdings in Visa were worth $306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Second Half Financial Partners LLC acquired a new position in Visa during the 4th quarter worth $551,000. Public Employees Retirement Association of Colorado increased its position in shares of Visa by 1.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,485,091 shares of the credit-card processor’s stock valued at $469,348,000 after purchasing an additional 17,613 shares during the period. Criteria Caixa S.A.U. bought a new position in shares of Visa during the 4th quarter valued at about $18,229,000. Mendel Capital Management LLC boosted its holdings in Visa by 4.1% during the fourth quarter. Mendel Capital Management LLC now owns 3,516 shares of the credit-card processor’s stock worth $1,111,000 after buying an additional 139 shares in the last quarter. Finally, Whalerock Point Partners LLC lifted its position in shares of Visa by 0.4% during the 4th quarter. Whalerock Point Partners LLC now owns 51,542 shares of the credit-card processor’s stock valued at $16,289,000 after acquiring an additional 229 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Tullier Kelly Mahon sold 33,741 shares of Visa 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 completion of the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock worth $48,842,490 over the last ninety days. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

V has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Barclays lifted their target price on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler reissued an “overweight” rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a research note 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, The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $358.17.

Visa Price Performance

Visa stock opened at $335.50 on Monday. The firm has a market capitalization of $623.28 billion, a P/E ratio of 33.82, a PEG ratio of 2.33 and a beta of 0.94. The business has a 50-day moving average of $338.42 and a 200-day moving average of $322.98. 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.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.70%. Visa’s dividend payout ratio is currently 23.79%.

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.