Members Wealth LLC Acquires New Holdings in Visa Inc. (NYSE:V)

Members Wealth LLC acquired a new stake in Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,820 shares of the credit-card processor's stock, valued at approximately $575,000.

Several other institutional investors and hedge funds have also modified their holdings of V. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC grew its stake in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after acquiring an additional 32 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in shares of Visa in the fourth quarter valued at approximately $32,000. FPC Investment Advisory Inc. lifted its position in shares of Visa by 377.3% in the fourth 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 in the last quarter. Finally, NewSquare Capital LLC bought a new stake in shares of Visa in the fourth quarter worth $35,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Raymond James reissued an "outperform" rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. increased their price objective on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Piper Sandler raised their target price 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. Six equities research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $366.13.

Visa Stock Performance

Shares of V traded up $3.03 during midday trading on Friday, reaching $365.43. 8,725,642 shares of the stock were exchanged, compared to its average volume of 7,023,744. The stock's 50 day simple moving average is $342.99 and its 200 day simple moving average is $333.16. The company has a market cap of $674.28 billion, a P/E ratio of 36.84, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $369.15. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last announced its 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. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the business posted $2.51 EPS. The business's revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders 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 dividend on an annualized basis and a yield of 0.65%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred 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 transaction, the insider now directly owns 26,413 shares of the company's stock, valued at $8,642,333.60. This trade represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the chief executive officer now owns 537 shares of the company's stock, valued at $194,931. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock worth $41,548,282 in the last 90 days. 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.