One Wealth Capital Management LLC Makes New $2.01 Million Investment in Visa Inc. (NYSE:V)

One Wealth Capital Management LLC bought a new position in Visa Inc. (NYSE:V) in the fourth quarter, HoldingsChannel.com reports. The fund bought 6,367 shares of the credit-card processor’s stock, valued at approximately $2,012,000. Visa comprises about 1.0% of One Wealth Capital Management LLC’s portfolio, making the stock its 20th largest position.

A number of other large investors also recently modified their holdings of V. Acadian Asset Management LLC grew its holdings in Visa by 297.8% during the 2nd quarter. Acadian Asset Management LLC now owns 97,541 shares of the credit-card processor’s stock worth $25,598,000 after acquiring an additional 73,019 shares during the period. Ellis Investment Partners LLC lifted its stake in Visa by 55.0% in the second quarter. Ellis Investment Partners LLC now owns 1,214 shares of the credit-card processor’s stock valued at $319,000 after buying an additional 431 shares during the period. Oak Thistle LLC boosted its holdings in Visa by 142.9% during the second quarter. Oak Thistle LLC now owns 2,346 shares of the credit-card processor’s stock worth $616,000 after buying an additional 1,380 shares during the last quarter. DDFG Inc grew its position in shares of Visa by 21.4% during the 2nd quarter. DDFG Inc now owns 895 shares of the credit-card processor’s stock worth $235,000 after buying an additional 158 shares during the period. Finally, Quest Partners LLC increased its stake in shares of Visa by 29.9% in the 2nd quarter. Quest Partners LLC now owns 11,100 shares of the credit-card processor’s stock valued at $2,913,000 after acquiring an additional 2,556 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Bank of America boosted their price objective on shares of Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Macquarie raised their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $317.00 target price on shares of Visa in a research note on Thursday, September 12th. TD Cowen raised their price target on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $329.70.

Visa Stock Performance

Shares of V stock traded down $1.22 during midday trading on Tuesday, hitting $311.82. 3,342,728 shares of the company were exchanged, compared to its average volume of 4,800,548. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $321.61. The firm’s 50 day moving average price is $310.30 and its two-hundred day moving average price is $286.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $580.88 billion, a P/E ratio of 32.05, a PEG ratio of 2.11 and a beta of 0.96.

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

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. This is a positive change 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 annualized dividend and a dividend yield of 0.76%. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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.