Ascent Wealth Partners LLC Increases Stock Holdings in Visa Inc. (NYSE:V)

Ascent Wealth Partners LLC lifted its stake in shares of Visa Inc. (NYSE:VFree Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,526 shares of the credit-card processor’s stock after buying an additional 668 shares during the period. Ascent Wealth Partners LLC’s holdings in Visa were worth $6,646,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of V. Hibernia Wealth Partners LLC purchased a new position in shares of Visa during the third quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in Visa in the third quarter worth $25,000. West Tower Group LLC purchased a new position in Visa in the second quarter worth $30,000. Financial Freedom LLC purchased a new position in shares of Visa during the 4th quarter valued at $32,000. Finally, Nalls Sherbakoff Group LLC lifted its position in shares of Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V opened at $278.55 on Wednesday. The stock has a 50-day moving average price of $279.62 and a 200-day moving average price of $259.44. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $511.56 billion, a P/E ratio of 32.05, a PEG ratio of 1.92 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the prior year, the business earned $2.18 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts predict that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is currently 23.94%.

Insider Transactions at Visa

In related news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. In the last three months, insiders sold 55,511 shares of company stock worth $15,131,081. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on V shares. Citigroup upped their price target on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Wells Fargo & Company upped their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Barclays boosted their price objective on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Evercore ISI boosted their price objective on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Mizuho reiterated a “neutral” rating and set a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $295.82.

Check Out Our Latest Research Report on V

Visa Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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