Visa Inc. (NYSE:V) Position Boosted by 17 Capital Partners LLC

17 Capital Partners LLC increased its holdings in Visa Inc. (NYSE:V) by 21.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,263 shares of the credit-card processor’s stock after buying an additional 225 shares during the quarter. 17 Capital Partners LLC’s holdings in Visa were worth $399,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. boosted its stake in Visa by 6.2% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,166 shares of the credit-card processor’s stock valued at $685,000 after purchasing an additional 127 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in Visa by 5.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 175,903 shares of the credit-card processor’s stock valued at $55,592,000 after purchasing an additional 9,260 shares in the last quarter. Stephens Inc. AR boosted its stake in Visa by 0.8% during the 4th quarter. Stephens Inc. AR now owns 128,706 shares of the credit-card processor’s stock valued at $40,676,000 after purchasing an additional 1,008 shares in the last quarter. Family Capital Trust Co boosted its stake in Visa by 100.3% during the 4th quarter. Family Capital Trust Co now owns 59,304 shares of the credit-card processor’s stock valued at $17,525,000 after purchasing an additional 29,703 shares in the last quarter. Finally, Benedict Financial Advisors Inc. boosted its stake in Visa by 1.0% during the 4th quarter. Benedict Financial Advisors Inc. now owns 21,846 shares of the credit-card processor’s stock valued at $6,904,000 after purchasing an additional 220 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on V. Robert W. Baird increased their price target on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group increased their price target on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. TD Cowen increased their price target on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, 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. 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,056 shares of company stock worth $19,830,050 over the last three months. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of NYSE:V opened at $350.88 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $352.12. The business has a fifty day simple moving average of $321.77 and a 200 day simple moving average of $296.88. The firm has a market cap of $651.85 billion, a price-to-earnings ratio of 35.37, a P/E/G ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, sell-side analysts predict that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s dividend payout ratio (DPR) is currently 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.