Clarius Group LLC Buys 3,888 Shares of Visa Inc. (NYSE:V)

Clarius Group LLC lifted its holdings in Visa Inc. (NYSE:V - Free Report) by 24.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,946 shares of the credit-card processor's stock after acquiring an additional 3,888 shares during the quarter. Clarius Group LLC's holdings in Visa were worth $5,193,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in V. Hibernia Wealth Partners LLC bought a new stake in Visa during the 3rd quarter valued at $25,000. Altshuler Shaham Ltd bought a new stake in Visa during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new stake in Visa during the 4th quarter valued at $32,000. Nalls Sherbakoff Group LLC raised its holdings in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor's stock valued at $33,000 after buying an additional 120 shares during the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in Visa during the 4th quarter valued at $37,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company's stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 55,511 shares of company stock valued at $15,131,081 in the last three months. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Cowen assumed coverage on shares of Visa in a research report on Thursday. They set a "buy" rating and a $320.00 price objective on the stock. UBS Group boosted their price objective on shares of Visa from $305.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, January 26th. Susquehanna boosted their price objective on shares of Visa from $300.00 to $326.00 and gave the company a "positive" rating in a research report on Friday, January 26th. Mizuho reaffirmed a "neutral" rating and issued a $265.00 target price on shares of Visa in a research report on Wednesday, March 27th. Finally, Redburn Atlantic reaffirmed a "neutral" rating and issued a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $296.87.

Visa Stock Performance

Shares of NYSE:V traded up $0.28 during trading on Friday, hitting $275.96. The company's stock had a trading volume of 9,038,411 shares, compared to its average volume of 5,996,413. The company has a 50-day moving average of $280.13 and a 200-day moving average of $261.92. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $506.80 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 1.91 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion for the quarter, compared to analysts' expectations of $8.55 billion. During the same quarter in the prior year, the business earned $2.18 EPS. The business's quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts expect that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa's dividend payout ratio (DPR) is currently 23.94%.

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.