IronOak Wealth LLC. Purchases Shares of 4,220 Visa Inc. (NYSE:V)

IronOak Wealth LLC. bought a new stake in shares of Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,220 shares of the credit-card processor's stock, valued at approximately $1,334,000. Visa comprises about 1.5% of IronOak Wealth LLC.'s investment portfolio, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wood Tarver Financial Group LLC bought a new stake in Visa during the fourth quarter valued at $85,000. Kilter Group LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $706,000. TFR Capital LLC. bought a new position in shares of Visa during the fourth quarter valued at approximately $1,562,000. Copley Financial Group Inc. lifted its stake in Visa by 8.4% in the fourth quarter. Copley Financial Group Inc. now owns 2,428 shares of the credit-card processor's stock worth $767,000 after acquiring an additional 188 shares during the period. Finally, Smith Shellnut Wilson LLC ADV increased its position in Visa by 3.9% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 1,712 shares of the credit-card processor's stock valued at $541,000 after purchasing an additional 64 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the 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 sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. This trade represents a 59.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, 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. Over the last 90 days, insiders have sold 121,948 shares of company stock worth $41,548,282. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Raymond James reaffirmed an "outperform" rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Jefferies Financial Group lifted their price target on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Finally, Piper Sandler lifted their price objective on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus target price of $366.13.

Visa Trading Up 0.8%

V stock traded up $3.03 during mid-day trading on Friday, reaching $365.43. The company had a trading volume of 8,725,642 shares, compared to its average volume of 7,023,748. The company has a market capitalization of $674.28 billion, a PE ratio of 36.84, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The firm has a 50 day moving average of $343.40 and a 200 day moving average of $333.54. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $369.15. 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 (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.51 earnings per share. On average, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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