Kestra Private Wealth Services LLC Has $35.48 Million Stock Holdings in Visa Inc. (NYSE:V)

Kestra Private Wealth Services LLC increased its stake in Visa Inc. (NYSE:V - Free Report) by 12.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,285 shares of the credit-card processor's stock after purchasing an additional 14,787 shares during the quarter. Visa makes up 0.9% of Kestra Private Wealth Services LLC's investment portfolio, making the stock its 14th largest holding. Kestra Private Wealth Services LLC's holdings in Visa were worth $35,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. GoalVest Advisory LLC grew its position in shares of Visa by 3.4% in the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor's stock valued at $317,000 after purchasing an additional 40 shares during the last quarter. Destiny Wealth Partners LLC increased its position in Visa by 2.5% during the 4th quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor's stock worth $433,000 after buying an additional 40 shares during the period. Sunflower Bank N.A. boosted its position in shares of Visa by 1.3% in the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor's stock valued at $818,000 after acquiring an additional 41 shares during the period. Parker Financial LLC grew its stake in shares of Visa by 4.8% in the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor's stock valued at $241,000 after acquiring an additional 42 shares in the last quarter. Finally, Patron Partners LLC raised its stake in Visa by 1.0% in the 4th quarter. Patron Partners LLC now owns 4,295 shares of the credit-card processor's stock worth $1,118,000 after purchasing an additional 42 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

V has been the subject of a number of recent analyst reports. TD Cowen initiated coverage on Visa in a research report on Thursday, April 11th. They set a "buy" rating and a $320.00 target price for the company. UBS Group upped their price target on shares of Visa from $315.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Wells Fargo & Company boosted their price objective on shares of Visa from $300.00 to $325.00 and gave the company an "overweight" rating in a research report on Wednesday, March 6th. William Blair reissued an "outperform" rating on shares of Visa in a report on Wednesday, April 24th. Finally, Royal Bank of Canada lifted their target price on Visa from $309.00 to $315.00 and gave the company an "outperform" rating in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus target price of $302.58.

Insiders Place Their Bets

In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on 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 sale, the chief executive officer now owns 538 shares of the company's stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company's stock, valued at $713,950.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,874 shares of company stock valued at $5,506,827. Corporate insiders own 0.19% of the company's stock.

Visa Stock Down 1.0 %

Shares of V stock traded down $2.71 on Monday, reaching $271.81. 4,191,968 shares of the company were exchanged, compared to its average volume of 5,930,494. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a market cap of $499.18 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 1.89 and a beta of 0.96. The company has a 50-day moving average of $279.11 and a 200-day moving average of $264.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

Visa (NYSE:V - Get Free Report) last released 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 net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the firm earned $2.09 earnings per share. The business's quarterly revenue was up 9.9% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa's payout ratio is currently 23.24%.

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.

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