Visa Inc. (NYSE:V) Position Lifted by Obermeyer Wealth Partners

Obermeyer Wealth Partners boosted its holdings in Visa Inc. (NYSE:V) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,184 shares of the credit-card processor’s stock after acquiring an additional 2,619 shares during the quarter. Obermeyer Wealth Partners’ holdings in Visa were worth $7,643,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of V. Decker Retirement Planning Inc. acquired a new stake in Visa in the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC increased its position in Visa by 48.5% during the 4th 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 in the last quarter. Compass Planning Associates Inc bought a new stake in shares of Visa during the fourth quarter worth about $32,000. Finally, NewSquare Capital LLC bought a new stake in Visa in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on V. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. BMO Capital Markets lifted their price target on shares of Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Barclays raised their price target on 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 Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Raymond James restated an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $362.38.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the sale, the general counsel now owns 11,925 shares of the company’s stock, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,948 shares of company stock worth $41,548,282 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Visa Price Performance

NYSE V opened at $355.89 on Tuesday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $661.16 billion, a P/E ratio of 35.88, a P/E/G ratio of 2.33 and a beta of 0.96. The firm’s fifty day simple moving average is $337.05 and its two-hundred day simple moving average is $327.84.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.51 EPS. Analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is presently 23.72%.

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.