Blue Rock Wealth Management LLC Invests $306,000 in Visa Inc. (NYSE:V)

Blue Rock Wealth Management LLC acquired a new stake in Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 967 shares of the credit-card processor's stock, valued at approximately $306,000.

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

Wall Street Analysts Forecast Growth

V has been the topic of a number of research reports. Citigroup reiterated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. UBS Group cut their price objective on Visa from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Barclays increased their price objective on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. 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. Finally, Oppenheimer reissued an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and an average price target of $362.38.

Insider Activity

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,208 shares of company stock worth $48,905,978 over the last 90 days. Company insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of NYSE V traded down $0.16 during midday trading on Tuesday, hitting $348.49. The company had a trading volume of 1,650,798 shares, compared to its average volume of 6,752,563. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $337.57 and a two-hundred day simple moving average of $325.48. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The firm has a market capitalization of $647.41 billion, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96.

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

Visa Dividend Announcement

The business also recently declared 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. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio is presently 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.