Northstar Financial Companies Inc. Acquires New Stake in Visa Inc. (NYSE:V)

Northstar Financial Companies Inc. purchased a new position in Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 27,791 shares of the credit-card processor's stock, valued at approximately $8,783,000. Visa comprises about 8.3% of Northstar Financial Companies Inc.'s investment portfolio, making the stock its 3rd biggest holding.

Other hedge funds also recently bought and sold shares of the company. Wealthedge Investment Advisors LLC purchased a new stake in shares of Visa during the fourth quarter valued at $867,000. Mattson Financial Services LLC lifted its stake in Visa by 27.8% during the 4th quarter. Mattson Financial Services LLC now owns 11,113 shares of the credit-card processor's stock valued at $3,512,000 after acquiring an additional 2,415 shares during the period. Aegis Wealth Management LLC purchased a new stake in shares of Visa during the 4th quarter valued at about $300,000. IronOak Wealth LLC. purchased a new stake in shares of Visa during the 4th quarter valued at about $1,334,000. Finally, Wood Tarver Financial Group LLC bought a new stake in shares of Visa in the fourth quarter worth approximately $85,000. Institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

V has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Susquehanna reiterated a "positive" rating on shares of Visa in a research note on Friday, March 21st. The Goldman Sachs Group raised their price target on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. 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. Finally, Wells Fargo & Company increased their target price on Visa from $360.00 to $395.00 and gave the company an "overweight" rating 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $366.13.

Visa Price Performance

Shares of NYSE V traded up $3.03 during midday trading on Friday, reaching $365.43. The stock had a trading volume of 8,725,642 shares, compared to its average volume of 7,023,744. The company has a market capitalization of $674.28 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $369.15. The stock has a 50-day moving average of $342.99 and a 200-day moving average of $333.16. 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 earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the firm posted $2.51 EPS. Visa's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, research analysts anticipate 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 paid a $0.59 dividend. 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 dividend payout ratio (DPR) is 23.72%.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at $188,186.28. This trade 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 over 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.