Tyche Wealth Partners LLC Makes New $6.86 Million Investment in Visa Inc. (NYSE:V)

Tyche Wealth Partners LLC purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,331 shares of the credit-card processor's stock, valued at approximately $6,855,000. Visa accounts for approximately 1.7% of Tyche Wealth Partners LLC's investment portfolio, making the stock its 10th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in V. Arbor Trust Wealth Advisors LLC increased its position in shares of Visa by 1.3% during the 4th quarter. Arbor Trust Wealth Advisors LLC now owns 10,404 shares of the credit-card processor's stock worth $2,709,000 after purchasing an additional 135 shares in the last quarter. Allen Capital Group LLC raised its position in shares of Visa by 7.1% during the fourth quarter. Allen Capital Group LLC now owns 10,223 shares of the credit-card processor's stock worth $2,662,000 after acquiring an additional 675 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Visa by 3.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,144,449 shares of the credit-card processor's stock valued at $297,957,000 after purchasing an additional 34,331 shares during the period. West Paces Advisors Inc. grew its position in shares of Visa by 3.4% during the 4th quarter. West Paces Advisors Inc. now owns 2,981 shares of the credit-card processor's stock worth $776,000 after buying an additional 97 shares during the period. Finally, Desjardins Global Asset Management Inc. raised its stake in shares of Visa by 7.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 15,213 shares of the credit-card processor's stock worth $3,962,000 after buying an additional 999 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Visa news, insider Rajat Taneja sold 36,546 shares of the firm's stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares of the company's stock, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Rajat Taneja sold 36,546 shares of the business's stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares of the company's stock, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,511 shares of company stock worth $15,131,081. Company insiders own 0.19% of the company's stock.

Visa Stock Performance

V traded down $1.32 during trading hours on Thursday, reaching $271.37. The company's stock had a trading volume of 8,180,614 shares, compared to its average volume of 5,834,506. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The firm has a market cap of $498.37 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. The company's 50-day moving average is $279.71 and its 200-day moving average is $262.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same period in the prior year, the firm posted $2.18 EPS. The company's revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts forecast that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa's payout ratio is currently 23.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Redburn Atlantic reiterated a "neutral" rating and issued a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Wedbush lifted their price objective on shares of Visa from $270.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, January 26th. William Blair restated an "outperform" rating on shares of Visa in a report on Friday, January 26th. KeyCorp increased their target price on shares of Visa from $275.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday, January 8th. Finally, Monness Crespi & Hardt began coverage on shares of Visa in a report on Wednesday, December 20th. They issued a "neutral" rating for the company. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Visa has an average rating of "Moderate Buy" and a consensus target price of $298.43.

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.