Coldstream Capital Management Inc. Has $18.60 Million Stake in Visa Inc. (NYSE:V)

Coldstream Capital Management Inc. lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 58,858 shares of the credit-card processor's stock after purchasing an additional 2,396 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Visa were worth $18,601,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Piper Sandler lifted their target price on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Bank of America boosted their price target on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, UBS Group reduced their target price on shares of Visa from $400.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $360.50.

Insider Buying and Selling at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction that occurred on 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 directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,842,490 in the last ninety days. Company insiders own 0.13% of the company's stock.

Visa Stock Performance

NYSE:V traded up $0.30 during midday trading on Wednesday, reaching $341.82. The stock had a trading volume of 3,499,792 shares, compared to its average volume of 7,195,375. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The firm's fifty day simple moving average is $337.89 and its 200-day simple moving average is $323.52. The stock has a market capitalization of $635.03 billion, a P/E ratio of 34.46, a PEG ratio of 2.33 and a beta of 0.94.

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 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 firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the company earned $2.51 EPS. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.69%. The ex-dividend date was Tuesday, February 11th. Visa's payout ratio is currently 23.79%.

Visa Company 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.