865 Shares in Visa Inc. (NYSE:V) Bought by Wise Wealth Partners

Wise Wealth Partners purchased a new position in Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 865 shares of the credit-card processor's stock, valued at approximately $273,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Unisphere Establishment boosted its stake in shares of Visa by 1.5% in the 4th quarter. Unisphere Establishment now owns 1,527,200 shares of the credit-card processor's stock worth $482,656,000 after buying an additional 22,200 shares during the last quarter. Apex Wealth Management LLC bought a new stake in shares of Visa during the 4th quarter valued at about $271,000. Guardian Capital LP increased its position in shares of Visa by 7.7% during the 4th quarter. Guardian Capital LP now owns 5,090 shares of the credit-card processor's stock valued at $1,609,000 after purchasing an additional 362 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Visa by 31.6% in the fourth quarter. Rehmann Capital Advisory Group now owns 14,907 shares of the credit-card processor's stock worth $4,711,000 after buying an additional 3,582 shares during the last quarter. Finally, Navigoe LLC bought a new stake in Visa during the fourth quarter valued at approximately $53,000. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This trade represents a 17.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 154,400 shares of company stock worth $52,711,258. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. UBS Group reduced their price objective on shares of Visa from $400.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday. Citigroup reaffirmed a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Macquarie decreased their price target on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $362.38.

Visa Trading Up 1.5 %

Shares of V stock traded up $5.21 during trading hours on Friday, reaching $347.66. 6,112,726 shares of the stock were exchanged, compared to its average volume of 7,225,064. The firm has a market capitalization of $645.87 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company's 50-day moving average price is $337.61 and its 200-day moving average price is $324.57. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the business earned $2.51 earnings per share. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's payout ratio is 23.72%.

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.