Stonebrook Private Inc. Invests $2.07 Million in Visa Inc. (NYSE:V)

Stonebrook Private Inc. purchased a new stake in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,967 shares of the credit-card processor's stock, valued at approximately $2,074,000.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its position in Visa by 17,418.7% in the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor's stock worth $1,233,338,000 after acquiring an additional 4,710,188 shares during the period. FMR LLC boosted its position in shares of Visa by 4.7% during the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor's stock worth $11,582,785,000 after buying an additional 2,257,605 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Visa during the third quarter worth $358,349,000. The Manufacturers Life Insurance Company boosted its position in shares of Visa by 34.1% during the third quarter. The Manufacturers Life Insurance Company now owns 3,929,979 shares of the credit-card processor's stock worth $903,955,000 after buying an additional 999,167 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Visa by 28.0% during the third quarter. Envestnet Asset Management Inc. now owns 3,983,190 shares of the credit-card processor's stock worth $916,174,000 after buying an additional 871,439 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the business's 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. In the last three months, insiders sold 19,874 shares of company stock worth $5,506,827. Company insiders own 0.19% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price target on Visa from $305.00 to $315.00 and gave the stock an "outperform" rating in a research report on Friday, January 26th. Robert W. Baird increased their price objective on Visa from $314.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, April 17th. Barclays increased their price objective on Visa from $304.00 to $319.00 and gave the company an "overweight" rating in a research note on Monday, January 29th. Macquarie increased their price objective on Visa from $290.00 to $300.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Mizuho restated a "neutral" rating and issued a $265.00 price target on shares of Visa in a research note on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $302.58.

Visa Stock Performance

V traded down $0.64 during trading on Friday, reaching $274.52. The company's stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company's fifty day moving average price is $279.24 and its 200-day moving average price is $264.73. The company has a market capitalization of $504.16 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the company earned $2.09 EPS. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa's payout ratio is 23.24%.

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.