Grandview Asset Management LLC Has $2.14 Million Stake in Visa Inc. (NYSE:V)

Grandview Asset Management LLC grew its stake in shares of Visa Inc. (NYSE:V) by 11.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,763 shares of the credit-card processor’s stock after buying an additional 717 shares during the period. Grandview Asset Management LLC’s holdings in Visa were worth $2,137,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. PSI Advisors LLC lifted its position in Visa by 23.7% in the fourth quarter. PSI Advisors LLC now owns 522 shares of the credit-card processor’s stock worth $165,000 after purchasing an additional 100 shares during the period. Ellenbecker Investment Group raised its stake in shares of Visa by 4.8% in the 4th quarter. Ellenbecker Investment Group now owns 1,834 shares of the credit-card processor’s stock valued at $580,000 after buying an additional 84 shares in the last quarter. Traveka Wealth LLC lifted its holdings in shares of Visa by 1.9% during the 4th quarter. Traveka Wealth LLC now owns 2,655 shares of the credit-card processor’s stock worth $839,000 after acquiring an additional 49 shares during the period. Unique Wealth LLC lifted its holdings in shares of Visa by 8.2% during the 4th quarter. Unique Wealth LLC now owns 8,842 shares of the credit-card processor’s stock worth $2,795,000 after acquiring an additional 672 shares during the period. Finally, Pinnacle Wealth Management Group Inc. boosted its position in shares of Visa by 3.0% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 4,351 shares of the credit-card processor’s stock valued at $1,375,000 after acquiring an additional 128 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of NYSE:V opened at $306.59 on Tuesday. 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 Inc. has a 1-year low of $252.70 and a 1-year high of $321.61. The stock has a market capitalization of $571.14 billion, a P/E ratio of 31.51, a P/E/G ratio of 2.11 and a beta of 0.96. The business has a 50-day moving average price of $312.44 and a two-hundred day moving average price of $287.32.

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

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a $0.59 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of brokerages have commented on V. Royal Bank of Canada raised their price target on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their target price on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley upped their price target on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen lifted their price objective on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on shares of Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $330.85.

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.