Brucke Financial Inc. Buys Shares of 2,867 Visa Inc. (NYSE:V)

Brucke Financial Inc. acquired a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 2,867 shares of the credit-card processor's stock, valued at approximately $980,000. Visa makes up about 0.9% of Brucke Financial Inc.'s holdings, making the stock its 28th largest position.

A number of other hedge funds also recently made changes to their positions in V. Capital & Planning LLC boosted its stake in Visa by 21.2% in the 4th quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock worth $300,000 after purchasing an additional 166 shares during the period. Sovereign Investment Advisors LLC purchased a new position in shares of Visa in the fourth quarter worth $424,000. D.B. Root & Company LLC boosted its position in shares of Visa by 8.2% during the fourth quarter. D.B. Root & Company LLC now owns 2,982 shares of the credit-card processor's stock worth $942,000 after acquiring an additional 226 shares during the last quarter. MinichMacGregor Wealth Management LLC grew its stake in Visa by 32.7% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 1,513 shares of the credit-card processor's stock valued at $478,000 after acquiring an additional 373 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in Visa in the 4th quarter valued at $272,000. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Up 0.8%

Shares of NYSE V traded up $3.03 during midday trading on Friday, hitting $365.43. The company's stock had a trading volume of 8,725,638 shares, compared to its average volume of 6,501,640. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $369.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market cap of $674.28 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The business's 50 day moving average is $342.99 and its two-hundred day moving average is $333.16.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping 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 business's revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.51 earnings per share. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. 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 0.65%. Visa's payout ratio is 23.72%.

Analyst Ratings Changes

Several research analysts have commented on V shares. BMO Capital Markets increased their price objective on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Susquehanna reiterated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Oppenheimer reissued an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Finally, Raymond James reaffirmed an "outperform" rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a report on Friday, January 31st. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $366.13.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, 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 SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at $194,931. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,948 shares of company stock valued at $41,548,282 in the last three months. Company insiders own 0.13% of the company's stock.

About Visa

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.