Aspire Growth Partners LLC Acquires Shares of 3,693 Visa Inc. (NYSE:V)

Aspire Growth Partners LLC bought a new stake in Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,693 shares of the credit-card processor's stock, valued at approximately $1,182,000. Visa makes up about 1.2% of Aspire Growth Partners LLC's portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa in the fourth quarter valued at approximately $27,000. POM Investment Strategies LLC raised its stake in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares during the period. Modus Advisors LLC purchased a new position in shares of Visa during the 4th quarter valued at approximately $32,000. Finally, Compass Planning Associates Inc acquired a new stake in Visa in the 4th quarter valued at $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Performance

Visa stock traded up $1.07 during trading hours on Monday, reaching $348.67. 3,864,472 shares of the stock were exchanged, compared to its average volume of 7,225,086. The stock has a market cap of $647.75 billion, a P/E ratio of 35.15, a P/E/G ratio of 2.33 and a beta of 0.96. The firm's 50 day moving average is $337.61 and its 200 day moving average is $325.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period 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. Analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insider Activity at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company's stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,208 shares of company stock valued at $48,905,978 in the last ninety days. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on V shares. Citigroup reiterated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price objective on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. BMO Capital Markets raised their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Bank of America boosted their price target on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $362.38.

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.