NorthRock Partners LLC Buys 12,639 Shares of Visa Inc. (NYSE:V)

NorthRock Partners LLC increased its stake in Visa Inc. (NYSE:V - Free Report) by 98.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,467 shares of the credit-card processor's stock after purchasing an additional 12,639 shares during the quarter. NorthRock Partners LLC's holdings in Visa were worth $8,048,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of V. Hirtle Callaghan & Co LLC raised its stake in shares of Visa by 1.3% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after purchasing an additional 29 shares in the last quarter. FWL Investment Management LLC raised its stake in shares of Visa by 0.5% during the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after purchasing an additional 29 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in shares of Visa by 3.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after purchasing an additional 30 shares in the last quarter. Warther Private Wealth LLC raised its stake in shares of Visa by 1.0% during the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock worth $928,000 after purchasing an additional 30 shares in the last quarter. Finally, Valmark Advisers Inc. raised its stake in shares of Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock worth $2,292,000 after purchasing an additional 30 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at $188,186.28. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock valued at $41,548,282 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

Shares of V traded up $2.93 during trading hours on Friday, hitting $365.23. 5,829,909 shares of the company were exchanged, compared to its average volume of 7,022,771. The company has a market cap of $678.51 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm's fifty day moving average is $337.92 and its 200 day moving average is $328.77.

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 (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $2.51 EPS. On average, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.65%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analysts Set New Price Targets

V has been the topic of a number of analyst reports. Bank of America upped their price objective on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Wells Fargo & Company boosted their target price on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Oppenheimer reissued an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Raymond James reissued an "outperform" rating and set a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Finally, Piper Sandler boosted their target price on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company 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.