1832 Asset Management L.P. Buys 48,265 Shares of Visa Inc. (NYSE:V)

1832 Asset Management L.P. lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,473,963 shares of the credit-card processor's stock after purchasing an additional 48,265 shares during the period. Visa accounts for 1.7% of 1832 Asset Management L.P.'s holdings, making the stock its 5th biggest holding. 1832 Asset Management L.P. owned about 0.24% of Visa worth $1,164,796,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Alaethes Wealth LLC boosted its holdings in shares of Visa by 0.4% during the 4th quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor's stock valued at $2,302,000 after acquiring an additional 37 shares during the last quarter. Holistic Financial Partners boosted its holdings in shares of Visa by 2.0% in the fourth quarter. Holistic Financial Partners now owns 1,975 shares of the credit-card processor's stock worth $514,000 after buying an additional 39 shares during the last quarter. GoalVest Advisory LLC boosted its holdings 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 worth $317,000 after buying an additional 40 shares during the last quarter. Destiny Wealth Partners LLC boosted its holdings in shares of Visa by 2.5% in the fourth 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 last quarter. Finally, TCI Wealth Advisors Inc. boosted its holdings in shares of Visa by 0.8% in the fourth quarter. TCI Wealth Advisors Inc. now owns 5,107 shares of the credit-card processor's stock worth $1,330,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The shares were 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 of the company's stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company's stock, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold 11,724 shares of company stock valued at $3,278,698 in the last three months. 0.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on V shares. Robert W. Baird raised their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, April 17th. KeyCorp lifted their price target on shares of Visa from $275.00 to $300.00 and gave the company an "overweight" rating in a report on Monday, January 8th. Wedbush lifted their price target on shares of Visa from $280.00 to $300.00 and gave the company an "outperform" rating in a report on Wednesday, April 24th. Redburn Atlantic reaffirmed a "neutral" rating and set a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Finally, Macquarie lifted their price target on shares of Visa from $290.00 to $300.00 and gave the company an "outperform" rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $303.00.

Visa Stock Up 0.1 %

NYSE:V traded up $0.29 during mid-day trading on Thursday, reaching $267.61. The company's stock had a trading volume of 5,044,807 shares, compared to its average volume of 5,927,771. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The stock has a fifty day moving average of $278.47 and a 200-day moving average of $265.22. The firm has a market capitalization of $491.47 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping 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 business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the previous year, the company posted $2.09 earnings per share. The firm's revenue was up 9.9% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 9.93 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, May 16th. Visa's payout ratio is currently 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.

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