Visa Inc. (NYSE:V) is Marks Group Wealth Management Inc’s 4th Largest Position

Marks Group Wealth Management Inc decreased its holdings in shares of Visa Inc. (NYSE:V) by 0.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 58,499 shares of the credit-card processor’s stock after selling 528 shares during the period. Visa accounts for about 1.8% of Marks Group Wealth Management Inc’s portfolio, making the stock its 4th largest position. Marks Group Wealth Management Inc’s holdings in Visa were worth $18,488,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of V. Riverstone Advisors LLC bought a new position in Visa in the fourth quarter worth about $217,000. Custom Index Systems LLC purchased a new position in shares of Visa in the 3rd quarter worth approximately $731,000. Journey Strategic Wealth LLC raised its stake in shares of Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after acquiring an additional 1,361 shares in the last quarter. Copley Financial Group Inc. purchased a new stake in Visa during the third quarter valued at approximately $616,000. Finally, Calamos Wealth Management LLC boosted its stake in Visa by 0.6% in the fourth quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock valued at $24,475,000 after acquiring an additional 435 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.5 %

V opened at $353.73 on Friday. The company has a fifty day moving average of $324.29 and a two-hundred day moving average of $298.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $356.08. The stock has a market capitalization of $657.15 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last released 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 return on equity of 54.79% and a net margin of 54.27%. On average, research analysts expect that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa’s dividend payout ratio is currently 23.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on V shares. TD Cowen increased 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. Oppenheimer increased their price target on Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. BMO Capital Markets boosted their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barclays upped their price objective on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Four investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $354.73.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of the 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 completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is owned by corporate 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.