Algert Global LLC Raises Stock Holdings in Visa Inc. (NYSE:V)

Algert Global LLC boosted its stake in Visa Inc. (NYSE:V - Free Report) by 27.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,210 shares of the credit-card processor's stock after purchasing an additional 1,744 shares during the quarter. Algert Global LLC's holdings in Visa were worth $2,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in Visa by 1.3% in the 4th quarter. Ameriprise Financial Inc. now owns 12,796,415 shares of the credit-card processor's stock worth $4,045,149,000 after buying an additional 164,008 shares during the last quarter. Alteri Wealth LLC purchased a new stake in shares of Visa in the 4th quarter valued at $1,552,000. AmeriServ Wealth Advisors purchased a new stake in Visa during the fourth quarter valued at about $935,000. Ancora Advisors LLC boosted its holdings in Visa by 0.8% during the 4th quarter. Ancora Advisors LLC now owns 40,264 shares of the credit-card processor's stock valued at $12,725,000 after acquiring an additional 303 shares during the period. Finally, Aptus Capital Advisors LLC boosted its position in Visa by 19.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock valued at $57,727,000 after buying an additional 30,185 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent analyst reports. Piper Sandler upped their price target on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Bank of America raised their price target on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Barclays upped their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. BMO Capital Markets lifted their target price on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Raymond James reissued an "outperform" rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $362.38.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares of the company's stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,208 shares of company stock valued at $48,905,978 in the last quarter. 0.13% of the stock is owned by insiders.

Visa Stock Up 0.6 %

Shares of NYSE:V opened at $349.83 on Thursday. The company has a market cap of $649.91 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 2.33 and a beta of 0.96. The company has a 50-day moving average price of $337.15 and a 200 day moving average price of $325.80. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. 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 posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the company posted $2.51 EPS. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's payout ratio is currently 23.72%.

About Visa

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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