Visa Inc. (NYSE:V) Shares Bought by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 94.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,201 shares of the credit-card processor's stock after buying an additional 5,923 shares during the quarter. Visa makes up 1.6% of White Knight Strategic Wealth Advisors LLC's investment portfolio, making the stock its 14th largest position. White Knight Strategic Wealth Advisors LLC's holdings in Visa were worth $3,856,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Visa during the 4th quarter worth about $27,000. POM Investment Strategies LLC increased its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Compass Planning Associates Inc purchased a new position in Visa during the fourth quarter worth approximately $32,000. NewSquare Capital LLC acquired a new position in shares of Visa in the 4th quarter valued at $35,000. Finally, FPC Investment Advisory Inc. boosted its holdings in shares of Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Performance

Visa stock opened at $367.76 on Tuesday. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $369.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market cap of $678.58 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The stock has a 50 day moving average of $339.28 and a 200-day moving average of $330.43.

Visa (NYSE:V - Get Free Report) last posted 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. 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 analysts' expectations of $9.57 billion. During the same period in the prior year, the company posted $2.51 earnings per share. The firm's quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.64%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. BMO Capital Markets raised their price objective on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Raymond James reissued an "outperform" rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, Evercore ISI began coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $362.38.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction dated 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 completion of 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,948 shares of company stock valued at $41,548,282. Insiders own 0.13% of the company's stock.

Visa Profile

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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