Forbes J M & Co. LLP Purchases 1,107 Shares of Visa Inc. (NYSE:V)

Forbes J M & Co. LLP increased its position in Visa Inc. (NYSE:V) by 1.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 65,161 shares of the credit-card processor’s stock after buying an additional 1,107 shares during the quarter. Visa makes up about 2.0% of Forbes J M & Co. LLP’s investment portfolio, making the stock its 11th largest position. Forbes J M & Co. LLP’s holdings in Visa were worth $20,593,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Peterson Financial Group Inc. purchased a new stake in Visa in the 3rd quarter worth $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Visa in the fourth quarter worth about $26,000. Reston Wealth Management LLC bought a new position in Visa during the third quarter valued at approximately $31,000. Modus Advisors LLC purchased a new position in Visa during the 4th quarter valued at approximately $32,000. Finally, Sugar Maple Asset Management LLC bought a new stake in Visa in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. The Goldman Sachs Group increased their target price on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. BMO Capital Markets lifted their price objective on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Bank of America upped their target price on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Morgan Stanley boosted their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Susquehanna raised their price objective on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $354.73.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is owned by company insiders.

Visa Stock Up 0.9 %

V stock opened at $351.26 on Tuesday. The stock has a market capitalization of $652.56 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $351.90. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $321.08 and a 200 day moving average of $296.19.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 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.