16,900 Shares in Visa Inc. (NYSE:V) Purchased by River Global Investors LLP

River Global Investors LLP bought a new stake in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,900 shares of the credit-card processor's stock, valued at approximately $4,403,000.

Other hedge funds also recently modified their holdings of the company. Connecticut Wealth Management LLC lifted its position in Visa by 53.9% in the 4th quarter. Connecticut Wealth Management LLC now owns 16,094 shares of the credit-card processor's stock valued at $4,190,000 after acquiring an additional 5,635 shares in the last quarter. Avidian Wealth Solutions LLC raised its stake in shares of Visa by 4.5% in the 4th quarter. Avidian Wealth Solutions LLC now owns 6,511 shares of the credit-card processor's stock valued at $1,695,000 after purchasing an additional 282 shares during the period. TCG Advisory Services LLC lifted its holdings in shares of Visa by 12.9% in the fourth quarter. TCG Advisory Services LLC now owns 32,061 shares of the credit-card processor's stock valued at $8,347,000 after purchasing an additional 3,652 shares in the last quarter. Charles Carroll Financial Partners LLC boosted its position in shares of Visa by 2.2% during the fourth quarter. Charles Carroll Financial Partners LLC now owns 18,249 shares of the credit-card processor's stock worth $4,751,000 after buying an additional 400 shares during the period. Finally, Royal Fund Management LLC grew its holdings in shares of Visa by 5.6% during the fourth quarter. Royal Fund Management LLC now owns 6,571 shares of the credit-card processor's stock worth $1,711,000 after buying an additional 348 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Price Performance

Shares of NYSE:V traded up $0.88 during trading on Friday, reaching $268.49. 3,862,018 shares of the company traded hands, compared to its average volume of 6,930,902. The firm has a market capitalization of $493.08 billion, a PE ratio of 30.00, a PEG ratio of 1.83 and a beta of 0.95. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The company's 50 day moving average is $278.17 and its two-hundred day moving average is $265.42.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $8.62 billion. During the same quarter in the prior year, the business posted $2.09 earnings per share. Visa's revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

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

Insider Buying and Selling at Visa

In other 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 transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now 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 available through this link. In related news, CAO Peter M. Andreski sold 2,615 shares of Visa 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 directly owns 4,898 shares of the company's stock, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were 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 owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,724 shares of company stock valued at $3,278,698. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

V has been the topic of several research reports. Oppenheimer boosted their target price on Visa from $297.00 to $299.00 and gave the company an "outperform" rating in a research note on Wednesday, April 24th. Raymond James raised their price target on Visa from $287.00 to $311.00 and gave the company an "outperform" rating in a research note on Friday, January 26th. Wedbush upped their price objective on Visa from $280.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 24th. Macquarie boosted their target price on shares of Visa from $290.00 to $300.00 and gave the stock an "outperform" rating in a report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Visa from $305.00 to $315.00 and gave the company an "outperform" rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $303.00.

About Visa

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.