Jaffetilchin Investment Partners LLC Grows Stock Position in Visa Inc. (NYSE:V)

Jaffetilchin Investment Partners LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,304 shares of the credit-card processor’s stock after purchasing an additional 729 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Visa were worth $6,417,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Solano Wealth Investment Advisors LLC acquired a new stake in shares of Visa in the 4th quarter valued at $412,000. Texas Capital Bank Wealth Management Services Inc increased its holdings in Visa by 5.8% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 4,177 shares of the credit-card processor’s stock valued at $1,320,000 after buying an additional 230 shares during the last quarter. Zuckerman Investment Group LLC raised its stake in Visa by 5.3% in the fourth quarter. Zuckerman Investment Group LLC now owns 7,749 shares of the credit-card processor’s stock valued at $2,680,000 after buying an additional 393 shares in the last quarter. Blue Edge Capital LLC lifted its holdings in Visa by 1.6% during the 4th quarter. Blue Edge Capital LLC now owns 19,238 shares of the credit-card processor’s stock worth $6,080,000 after buying an additional 305 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Visa by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 718,317 shares of the credit-card processor’s stock worth $227,017,000 after acquiring an additional 4,027 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $2,930,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction on 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 $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is owned by corporate insiders.

Visa Stock Down 2.4 %

Shares of NYSE:V opened at $324.57 on Friday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. 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’s 50-day simple moving average is $342.63 and its 200-day simple moving average is $318.32. The company has a market cap of $602.97 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. As a group, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group raised their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Barclays upped their target price on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. increased their target price on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company boosted their price target on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $355.84.

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.