Tang Capital Management LLC Raises Stake in Visa Inc. (NYSE:V)

Tang Capital Management LLC boosted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 42.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,718 shares of the credit-card processor's stock after acquiring an additional 1,400 shares during the quarter. Tang Capital Management LLC's holdings in Visa were worth $1,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Decker Retirement Planning Inc. bought a new position in shares of Visa in the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa in the 4th quarter worth approximately $27,000. POM Investment Strategies LLC increased its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares in the last quarter. Compass Planning Associates Inc bought a new position in Visa during the 4th quarter valued at approximately $32,000. Finally, NewSquare Capital LLC bought a new position in Visa during the 4th quarter valued at approximately $35,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Performance

Shares of V stock traded up $0.29 on Thursday, reaching $358.59. The stock had a trading volume of 2,315,037 shares, compared to its average volume of 6,997,441. The stock has a market cap of $661.65 billion, a P/E ratio of 36.09, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $369.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50 day simple moving average of $340.60 and a 200 day simple moving average of $330.88.

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, beating the consensus estimate of $2.68 by $0.08. The company 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%. Visa's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.51 earnings per share. Equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently announced 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. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa's payout ratio is 23.72%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $194,931. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of the business's 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 owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock worth $41,548,282 over the last ninety days. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on V. JPMorgan Chase & Co. raised their price objective on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. The Goldman Sachs Group raised their price objective on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. UBS Group reduced their price objective on Visa from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Citigroup reiterated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $362.38.

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.