Global Wealth Strategies & Associates Boosts Holdings in Visa Inc. (NYSE:V)

Global Wealth Strategies & Associates grew its position in Visa Inc. (NYSE:V) by 27.9% during the 4th quarter, HoldingsChannel reports. The fund owned 229 shares of the credit-card processor’s stock after purchasing an additional 50 shares during the period. Global Wealth Strategies & Associates’ holdings in Visa were worth $72,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in Visa during the 3rd quarter worth $26,000. Reston Wealth Management LLC bought a new position in shares of Visa during the 3rd quarter worth $31,000. Fairway Wealth LLC purchased a new position in shares of Visa during the second quarter valued at $39,000. West Financial Advisors LLC raised its holdings in shares of Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares in the last quarter. Finally, Highline Wealth Partners LLC purchased a new stake in Visa in the third quarter worth about $54,000. Institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Visa Price Performance

V traded down $2.52 on Thursday, hitting $313.52. 2,393,772 shares of the company’s stock were exchanged, compared to its average volume of 6,913,891. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $321.61. The stock has a market cap of $584.05 billion, a price-to-earnings ratio of 32.22, a P/E/G ratio of 2.11 and a beta of 0.96. The firm has a 50-day moving average price of $308.44 and a 200-day moving average price of $285.08. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the company earned $2.33 EPS. Visa’s revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Visa Inc. will post 11.23 earnings per share for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Analyst Ratings Changes

Several research firms have recently commented on V. Mizuho boosted their price target on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Susquehanna upped their target price on Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a report on Wednesday, December 11th. Piper Sandler lifted their price target on Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Barclays upped their price objective on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, Keefe, Bruyette & Woods lifted their target price on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $328.41.

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.