Fortis Advisors LLC boosted its position in shares of Visa Inc. (NYSE:V – Free Report) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,468 shares of the credit-card processor’s stock after purchasing an additional 100 shares during the period. Fortis Advisors LLC’s holdings in Visa were worth $464,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. MRA Advisory Group raised its position in shares of Visa by 116.2% during the 4th quarter. MRA Advisory Group now owns 3,886 shares of the credit-card processor’s stock valued at $1,228,000 after buying an additional 2,089 shares during the period. Signal Advisors Wealth LLC increased its stake in Visa by 21.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 17,376 shares of the credit-card processor’s stock worth $5,491,000 after acquiring an additional 3,013 shares during the last quarter. Greenfield Savings Bank raised its position in Visa by 1.7% in the fourth quarter. Greenfield Savings Bank now owns 5,344 shares of the credit-card processor’s stock valued at $1,689,000 after purchasing an additional 89 shares during the period. Christensen King & Associates Investment Services Inc. acquired a new position in shares of Visa in the 4th quarter valued at $227,000. Finally, Grandview Asset Management LLC grew its holdings in shares of Visa by 11.9% during the 4th quarter. Grandview Asset Management LLC now owns 6,763 shares of the credit-card processor’s stock worth $2,137,000 after purchasing an additional 717 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on Visa
Visa Stock Performance
NYSE:V opened at $309.24 on Wednesday. The firm has a market capitalization of $576.08 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The business’s fifty day moving average price is $312.76 and its 200 day moving average price is $287.65. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $321.61.
Visa (NYSE:V – Get Free Report) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $2.33 EPS. On average, sell-side analysts anticipate that Visa Inc. will post 11.23 earnings per share for the current fiscal year.
Visa Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is currently 24.25%.
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.
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