1,750 Shares in Visa Inc. (NYSE:V) Purchased by Leigh Baldwin & CO. LLC

Leigh Baldwin & CO. LLC acquired a new stake in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,750 shares of the credit-card processor's stock, valued at approximately $553,000.

Several other institutional investors have also recently added to or reduced their stakes in V. Capital & Planning LLC grew its stake in shares of Visa by 21.2% during the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock valued at $300,000 after acquiring an additional 166 shares in the last quarter. Bourne Lent Asset Management Inc. increased its holdings in Visa by 18.1% during the 4th quarter. Bourne Lent Asset Management Inc. now owns 8,034 shares of the credit-card processor's stock worth $2,539,000 after purchasing an additional 1,234 shares during the last quarter. Dakota Wealth Management raised its position in shares of Visa by 3.6% in the 4th quarter. Dakota Wealth Management now owns 118,694 shares of the credit-card processor's stock valued at $37,512,000 after purchasing an additional 4,100 shares in the last quarter. West Branch Capital LLC boosted its stake in shares of Visa by 4.3% during the 4th quarter. West Branch Capital LLC now owns 20,295 shares of the credit-card processor's stock valued at $6,414,000 after buying an additional 830 shares during the last quarter. Finally, Advisory Alpha LLC grew its position in shares of Visa by 10.1% during the fourth quarter. Advisory Alpha LLC now owns 5,044 shares of the credit-card processor's stock worth $1,594,000 after buying an additional 464 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on V shares. Oppenheimer reissued an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Wells Fargo & Company upped their price target on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Bank of America lifted their target price on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Barclays increased their price objective on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Raymond James reiterated an "outperform" rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $366.13.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 14,813 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at $9,377,671.52. This represents a 35.93% decrease in their ownership of the stock. 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 that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. 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 worth $41,548,282. 0.13% of the stock is owned by corporate insiders.

Visa Stock Up 0.2%

NYSE V traded up $0.63 on Wednesday, reaching $359.93. The stock had a trading volume of 3,293,103 shares, compared to its average volume of 7,011,967. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $369.15. The business has a 50 day moving average price of $342.15 and a 200 day moving average price of $332.61. The company has a market capitalization of $664.13 billion, a price-to-earnings ratio of 36.28, a P/E/G ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm's revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.51 earnings per share. On average, analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. Visa's dividend payout ratio (DPR) is 23.72%.

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.