Visa Inc. (NYSE:V) Holdings Increased by Colonial River Wealth Management LLC

Colonial River Wealth Management LLC lifted its holdings in Visa Inc. (NYSE:VFree Report) by 300.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,613 shares of the credit-card processor’s stock after purchasing an additional 2,711 shares during the period. Colonial River Wealth Management LLC’s holdings in Visa were worth $941,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in V. Hibernia Wealth Partners LLC purchased a new position in shares of Visa in the third quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new position in shares of Visa in the third quarter worth approximately $25,000. West Tower Group LLC purchased a new position in shares of Visa in the second quarter worth approximately $30,000. Financial Freedom LLC purchased a new position in shares of Visa in the fourth quarter worth approximately $32,000. Finally, Nalls Sherbakoff Group LLC increased its position in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on V shares. Evercore ISI boosted their price objective on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. KeyCorp boosted their price objective on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Royal Bank of Canada boosted their price objective on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Citigroup boosted their target price on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.82.

Check Out Our Latest Stock Analysis on V

Visa Trading Down 0.5 %

Shares of V stock opened at $276.96 on Thursday. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The stock has a market cap of $508.64 billion, a price-to-earnings ratio of 31.87, a P/E/G ratio of 1.92 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a fifty day moving average of $279.87 and a 200-day moving average of $259.82.

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

Visa Dividend Announcement

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

Insider Buying and Selling

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

Visa 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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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