Bouchey Financial Group Ltd purchased a new position in shares of Visa Inc. (NYSE:V – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,011 shares of the credit-card processor’s stock, valued at approximately $210,000.
A number of other large investors also recently made changes to their positions in the business. North Point Portfolio Managers Corp OH lifted its stake in shares of Visa by 0.9% during the 4th quarter. North Point Portfolio Managers Corp OH now owns 102,723 shares of the credit-card processor’s stock worth $21,342,000 after purchasing an additional 884 shares during the period. Dock Street Asset Management Inc. raised its position in shares of Visa by 11.2% in the 4th quarter. Dock Street Asset Management Inc. now owns 92,342 shares of the credit-card processor’s stock worth $19,185,000 after buying an additional 9,302 shares during the period. Pallas Capital Advisors LLC raised its position in shares of Visa by 1.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 34,953 shares of the credit-card processor’s stock worth $7,840,000 after buying an additional 596 shares during the period. Aevitas Wealth Management Inc. raised its position in shares of Visa by 4.0% in the 4th quarter. Aevitas Wealth Management Inc. now owns 2,594 shares of the credit-card processor’s stock worth $539,000 after buying an additional 100 shares during the period. Finally, Aaron Wealth Advisors LLC raised its position in shares of Visa by 5.3% in the 4th quarter. Aaron Wealth Advisors LLC now owns 26,809 shares of the credit-card processor’s stock worth $5,570,000 after buying an additional 1,341 shares during the period. Hedge funds and other institutional investors own 81.87% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on V shares. BMO Capital Markets increased their target price on Visa from $249.00 to $253.00 and gave the stock an “outperform” rating in a research report on Friday, January 27th. Barclays increased their target price on Visa from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Sunday, January 29th. Robert W. Baird increased their target price on Visa from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, January 19th. Oppenheimer increased their target price on Visa from $210.00 to $237.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 25th. Finally, Mizuho increased their price target on Visa from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, January 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $259.11.
Visa Stock Performance
Visa (NYSE:V – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The credit-card processor reported $2.18 EPS for the quarter, topping the consensus estimate of $2.01 by $0.17. Visa had a net margin of 50.28% and a return on equity of 49.95%. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.70 billion. During the same quarter last year, the company posted $1.81 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post 8.43 earnings per share for the current fiscal year.
Visa Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were given a dividend of $0.45 per share. This is a boost from Visa’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, February 9th. This represents a $1.80 annualized dividend and a dividend yield of 0.79%. Visa’s dividend payout ratio (DPR) is presently 25.17%.
Insiders Place Their Bets
In other Visa news, President Ryan Mcinerney sold 58,197 shares of the firm’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $62.47, for a total value of $3,635,566.59. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Visa news, President Ryan Mcinerney sold 58,197 shares of the firm’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $62.47, for a total value of $3,635,566.59. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $223.99, for a total transaction of $12,991,420.00. Following the completion of the transaction, the chairman now directly owns 162,354 shares in the company, valued at approximately $36,365,672.46. The disclosure for this sale can be found here. Insiders have sold 191,312 shares of company stock valued at $33,751,165 over the last quarter. Insiders own 0.21% of the company’s stock.
About Visa
Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).
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