Three Seasons Wealth LLC Makes New Investment in Visa Inc. (NYSE:V)

Three Seasons Wealth LLC bought a new position in shares of Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,958 shares of the credit-card processor's stock, valued at approximately $2,831,000. Visa comprises 1.4% of Three Seasons Wealth LLC's holdings, making the stock its 19th largest holding.

Several other institutional investors also recently modified their holdings of the stock. Cheviot Value Management LLC increased its position in shares of Visa by 3.8% in the 4th quarter. Cheviot Value Management LLC now owns 65,886 shares of the credit-card processor's stock valued at $20,823,000 after buying an additional 2,406 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in Visa by 35.7% in the fourth quarter. Lord Abbett & CO. LLC now owns 9,487 shares of the credit-card processor's stock valued at $2,998,000 after acquiring an additional 2,496 shares during the period. Rothschild Capital Partners LLC increased its holdings in shares of Visa by 10.9% in the fourth quarter. Rothschild Capital Partners LLC now owns 41,365 shares of the credit-card processor's stock worth $13,073,000 after acquiring an additional 4,082 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of Visa by 295.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,362,202 shares of the credit-card processor's stock worth $746,550,000 after purchasing an additional 1,764,781 shares during the period. Finally, Topsail Wealth Management LLC bought a new position in shares of Visa during the 4th quarter valued at about $1,676,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. This trade represents a 59.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. This trade represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock valued at $48,842,490 over the last ninety days. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, January 31st. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Citigroup reaffirmed a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. StockNews.com downgraded Visa from a "buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group boosted their target price on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $358.17.

Visa Stock Performance

Visa stock traded up $3.84 during mid-day trading on Tuesday, reaching $341.35. 2,395,526 shares of the company's stock were exchanged, compared to its average volume of 7,185,520. The business's fifty day simple moving average is $338.07 and its 200 day simple moving average is $323.40. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The firm has a market capitalization of $634.14 billion, a PE ratio of 34.41, a P/E/G ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.69%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is 23.79%.

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.