MML Investors Services LLC Purchases 1,103 Shares of Visa Inc. (NYSE:V)

MML Investors Services LLC boosted its position in Visa Inc. (NYSE:V) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 417,672 shares of the credit-card processor’s stock after purchasing an additional 1,103 shares during the quarter. MML Investors Services LLC’s holdings in Visa were worth $132,001,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new position in Visa during the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC increased its holdings in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the period. Modus Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $32,000. Finally, Compass Planning Associates Inc acquired a new position in Visa in the 4th quarter valued at $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $2,930,800.00. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,842,490 in the last three months. Company insiders own 0.13% of the company’s stock.

Visa Trading Down 0.6 %

NYSE V opened at $329.26 on Friday. The stock has a market capitalization of $611.69 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.33 and a beta of 0.94. The business has a 50 day simple moving average of $340.68 and a 200 day simple moving average of $320.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.72%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Susquehanna reiterated a “positive” rating on shares of Visa in a research report on Friday, March 21st. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.