Putney Financial Group LLC Makes New Investment in Visa Inc. (NYSE:V)

Putney Financial Group LLC bought a new position in Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,509 shares of the credit-card processor's stock, valued at approximately $1,741,000. Visa accounts for about 1.2% of Putney Financial Group LLC's holdings, making the stock its 13th biggest holding.

Several other institutional investors also recently modified their holdings of the business. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa in the fourth quarter worth $27,000. POM Investment Strategies LLC increased its holdings 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 acquiring an additional 32 shares in the last quarter. Compass Planning Associates Inc bought a new position in shares of Visa during the fourth quarter valued at $32,000. FPC Investment Advisory Inc. raised its position in shares of Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after purchasing an additional 83 shares during the last quarter. Finally, NewSquare Capital LLC bought a new position in Visa in the 4th quarter worth about $35,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at $194,931. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,948 shares of company stock valued at $41,548,282. 0.13% of the stock is owned by company insiders.

Visa Price Performance

Shares of V stock traded up $2.82 on Thursday, hitting $362.55. 4,585,487 shares of the stock traded hands, compared to its average volume of 7,002,298. 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 52 week low of $252.70 and a 52 week high of $369.15. The firm has a 50 day simple moving average of $342.62 and a two-hundred day simple moving average of $332.80. The firm has a market cap of $668.96 billion, a price-to-earnings ratio of 36.55, a PEG 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.51 EPS. As a group, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Piper Sandler raised their price objective on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. William Blair restated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Finally, Macquarie cut their target price on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $366.13.

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.