Boyd Watterson Asset Management LLC OH Raises Holdings in Visa Inc. (NYSE:V)

Boyd Watterson Asset Management LLC OH grew its position in shares of Visa Inc. (NYSE:V) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,750 shares of the credit-card processor’s stock after purchasing an additional 1,092 shares during the period. Visa makes up approximately 1.3% of Boyd Watterson Asset Management LLC OH’s investment portfolio, making the stock its 18th biggest position. Boyd Watterson Asset Management LLC OH’s holdings in Visa were worth $4,661,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Leuthold Group LLC grew its position in shares of Visa by 4.0% during the fourth quarter. Leuthold Group LLC now owns 23,568 shares of the credit-card processor’s stock valued at $7,448,000 after purchasing an additional 900 shares in the last quarter. Blackston Financial Advisory Group LLC grew its position in Visa by 7.9% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,238 shares of the credit-card processor’s stock worth $708,000 after acquiring an additional 164 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its position in Visa by 1.5% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 61,609 shares of the credit-card processor’s stock worth $19,471,000 after acquiring an additional 938 shares in the last quarter. Compass Planning Associates Inc purchased a new position in Visa in the fourth quarter worth about $32,000. Finally, Paradigm Asset Management Co. LLC grew its position in Visa by 142.9% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 2,040 shares of the credit-card processor’s stock worth $645,000 after acquiring an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of NYSE:V opened at $348.27 on Monday. The company has a market capitalization of $647.01 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $357.15. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $329.14 and a 200 day moving average of $302.66.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed 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. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 23.79%.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares in the company, valued at $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 sold 55,885 shares of company stock valued at $19,161,447 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on V shares. BMO Capital Markets lifted their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Susquehanna lifted their price target on Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research report on Friday. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Piper Sandler reissued an “overweight” rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Finally, William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

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.