Three Cord True Wealth Management LLC Makes New Investment in Visa Inc. (NYSE:V)

Three Cord True Wealth Management LLC purchased a new position in Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 844 shares of the credit-card processor's stock, valued at approximately $267,000. Visa makes up about 0.2% of Three Cord True Wealth Management LLC's holdings, making the stock its 24th biggest position.

A number of other large investors also recently modified their holdings of V. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa during the 4th quarter valued at about $27,000. POM Investment Strategies LLC lifted its holdings 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 during the last quarter. Compass Planning Associates Inc purchased a new position in Visa in the fourth quarter worth $32,000. FPC Investment Advisory Inc. increased its stake in Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after acquiring an additional 83 shares during the last quarter. Finally, NewSquare Capital LLC purchased a new position in shares of Visa in the 4th quarter worth about $35,000. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Up 0.7%

Shares of NYSE V traded up $2.39 during mid-day trading on Thursday, hitting $362.12. 1,698,004 shares of the stock traded hands, compared to its average volume of 6,512,425. The company has a market cap of $668.18 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 2.33 and a beta of 0.96. The stock has a fifty day moving average price of $342.62 and a 200-day moving average price of $332.80. Visa Inc. has a 52 week low of $252.70 and a 52 week 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.

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

Visa Announces Dividend

The firm 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 dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio is 23.72%.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. This trade represents a 94.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,948 shares of company stock worth $41,548,282. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on V. JPMorgan Chase & Co. upped their price objective on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Barclays raised their price objective on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. William Blair reissued an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. BMO Capital Markets raised their price target on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group boosted their price objective on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $366.13.

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.