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Ascent Group LLC Has $13.24 Million Position in Visa Inc. (NYSE:V)

Visa logo with Business Services background

Ascent Group LLC boosted its position in shares of Visa Inc. (NYSE:V - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,879 shares of the credit-card processor's stock after buying an additional 2,056 shares during the quarter. Visa makes up 1.0% of Ascent Group LLC's holdings, making the stock its 14th biggest position. Ascent Group LLC's holdings in Visa were worth $13,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hirtle Callaghan & Co LLC boosted its stake in Visa by 1.3% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after acquiring an additional 29 shares during the period. FWL Investment Management LLC grew its stake in Visa by 0.5% during the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after buying an additional 29 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in Visa by 3.3% in the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock valued at $297,000 after buying an additional 30 shares during the last quarter. Warther Private Wealth LLC grew its position in shares of Visa by 1.0% during the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock worth $928,000 after acquiring an additional 30 shares during the last quarter. Finally, Valmark Advisers Inc. increased its holdings in shares of Visa by 0.4% in the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock worth $2,292,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Up 0.8%

Shares of Visa stock traded up $2.82 during trading on Thursday, hitting $362.55. 4,585,487 shares of the stock traded hands, compared to its average volume of 7,002,298. The stock has a market cap of $668.96 billion, a P/E ratio of 36.55, a PEG ratio of 2.33 and a beta of 0.96. The company has a fifty day moving average price of $342.62 and a two-hundred day moving average price of $332.80. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $369.15. 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 (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion for 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%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.51 EPS. Equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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

Wall Street Analysts Forecast Growth

V has been the topic of a number of research analyst reports. Oppenheimer reissued an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Piper Sandler boosted their target price on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Raymond James reiterated an "outperform" rating and issued a $393.00 price target (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. The Goldman Sachs Group raised their target price on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, Barclays boosted their price target on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus price target of $366.13.

View Our Latest Stock Report on V

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the transaction, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,991,249.33. The trade was a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock worth $41,548,282 over the last 90 days. Corporate insiders own 0.13% of the company's stock.

Visa Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Visa (NYSE:V)

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