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

Forbes J M & Co. LLP increased its position in shares of Visa Inc. (NYSE:V) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,161 shares of the credit-card processor’s stock after acquiring an additional 1,107 shares during the period. Visa makes up about 2.0% of Forbes J M & Co. LLP’s holdings, making the stock its 11th biggest position. Forbes J M & Co. LLP’s holdings in Visa were worth $20,593,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Strid Group LLC bought a new stake in Visa during the fourth quarter valued at approximately $212,000. D Orazio & Associates Inc. lifted its holdings in shares of Visa by 0.9% during the 4th quarter. D Orazio & Associates Inc. now owns 5,842 shares of the credit-card processor’s stock worth $1,846,000 after acquiring an additional 54 shares during the last quarter. Kingsview Wealth Management LLC grew its position in Visa by 10.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 148,178 shares of the credit-card processor’s stock worth $46,830,000 after acquiring an additional 14,480 shares in the last quarter. Gray Private Wealth LLC bought a new position in Visa in the fourth quarter valued at $207,000. Finally, Apollon Wealth Management LLC raised its position in Visa by 42.9% during the fourth quarter. Apollon Wealth Management LLC now owns 77,153 shares of the credit-card processor’s stock valued at $24,383,000 after purchasing an additional 23,158 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on V. Jefferies Financial Group increased their price objective on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Barclays boosted their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Robert W. Baird lifted their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Mizuho increased their target price on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. 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. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Stock Up 0.9 %

Shares of Visa stock opened at $351.26 on Tuesday. The company has a 50-day simple moving average of $321.08 and a two-hundred day simple moving average of $296.19. 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 debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, analysts anticipate that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa’s dividend payout ratio (DPR) is 23.79%.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated 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 sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is owned by insiders.

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.