Stonebridge Financial Group LLC Acquires New Position in Visa Inc. (NYSE:V)

Stonebridge Financial Group LLC bought a new position in Visa Inc. (NYSE:V) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,980 shares of the credit-card processor’s stock, valued at approximately $626,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Peterson Financial Group Inc. purchased a new stake in shares of Visa during the third quarter valued at $26,000. Decker Retirement Planning Inc. bought a new position in Visa during the 4th quarter valued at about $26,000. Reston Wealth Management LLC purchased a new stake in shares of Visa during the 3rd quarter valued at about $31,000. POM Investment Strategies LLC grew its stake 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 worth $31,000 after acquiring an additional 32 shares during the period. Finally, Modus Advisors LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock valued at $19,830,050 in the last 90 days. Insiders own 0.13% of the company’s stock.

Visa Stock Up 0.2 %

Shares of V opened at $351.43 on Thursday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $352.12. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $652.88 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The business’s 50 day moving average is $322.53 and its 200 day moving average is $297.52.

Visa (NYSE:V) last released its quarterly earnings data 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%. Research analysts expect that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Analyst Ratings Changes

V has been the topic of several research reports. Keefe, Bruyette & Woods raised their target price on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays lifted their price objective on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. TD Cowen increased their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Oppenheimer boosted their price target on Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets increased 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. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $354.73.

Visa Company 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.