Tolleson Wealth Management Inc. grew its position in shares of Visa Inc. (NYSE:V - Free Report) by 25.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,639 shares of the credit-card processor's stock after purchasing an additional 746 shares during the period. Tolleson Wealth Management Inc.'s holdings in Visa were worth $1,150,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. TrinityPoint Wealth LLC grew its position in shares of Visa by 2.4% during the 4th quarter. TrinityPoint Wealth LLC now owns 5,761 shares of the credit-card processor's stock valued at $1,821,000 after purchasing an additional 133 shares in the last quarter. State of Wyoming grew its position in shares of Visa by 99.3% during the 4th quarter. State of Wyoming now owns 8,529 shares of the credit-card processor's stock valued at $2,696,000 after purchasing an additional 4,249 shares in the last quarter. Strategic Global Advisors LLC lifted its holdings in shares of Visa by 84.1% during the 4th quarter. Strategic Global Advisors LLC now owns 33,064 shares of the credit-card processor's stock worth $10,450,000 after acquiring an additional 15,108 shares during the last quarter. Strategic Wealth Partners Ltd. lifted its holdings in shares of Visa by 6.2% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 38,407 shares of the credit-card processor's stock worth $12,138,000 after acquiring an additional 2,258 shares during the last quarter. Finally, Strive Asset Management LLC bought a new stake in shares of Visa during the 4th quarter worth $1,941,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel now owns 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is currently owned by company insiders.
Visa Price Performance
Shares of NYSE V opened at $365.23 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company's 50-day moving average is $338.59 and its 200 day moving average is $329.61. The stock has a market capitalization of $673.90 billion, a P/E ratio of 36.82, a P/E/G ratio of 2.33 and a beta of 0.96.
Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) 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 analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. Visa's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.51 earnings per share. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Citigroup reaffirmed a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a report on Thursday, February 13th. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. UBS Group dropped their price objective on shares of Visa from $400.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Evercore ISI assumed coverage on shares of Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective for the company. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $362.38.
Check Out Our Latest Research Report on V
Visa Company Profile
(
Free Report)
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.
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