Yoffe Investment Management LLC Purchases New Holdings in Visa Inc. (NYSE:V)

Yoffe Investment Management LLC purchased a new position in Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,696 shares of the credit-card processor's stock, valued at approximately $852,000. Visa makes up approximately 1.2% of Yoffe Investment Management LLC's portfolio, making the stock its 18th largest holding.

Several other large investors have also recently made changes to their positions in the stock. Riverstone Advisors LLC purchased a new position in Visa during the 4th quarter worth $217,000. Blue Rock Wealth Management LLC acquired a new stake in Visa during the 4th quarter worth about $306,000. Aptus Capital Advisors LLC grew its stake in Visa by 19.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock valued at $57,727,000 after purchasing an additional 30,185 shares during the last quarter. Journey Strategic Wealth LLC grew its stake in Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock valued at $3,058,000 after purchasing an additional 1,361 shares during the last quarter. Finally, King Wealth Management Group grew its stake in Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after purchasing an additional 6,172 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

Shares of NYSE:V traded up $2.82 during midday trading on Thursday, hitting $362.55. The company had a trading volume of 4,590,181 shares, compared to its average volume of 7,008,449. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $369.15. 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 stock has a market cap of $668.96 billion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The business's 50-day simple moving average is $342.62 and its 200-day simple moving average is $332.80.

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

Visa Dividend Announcement

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. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.65%. Visa's dividend payout ratio (DPR) is 23.72%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 14,813 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $355.04, for a total value of $5,259,207.52. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $9,377,671.52. This represents a 35.93% 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 quarter. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

V has been the topic of several research analyst reports. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Wells Fargo & Company upped their target price on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Evercore ISI began coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Citigroup restated 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $366.13.

Visa Company 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.