Strive Asset Management LLC Acquires Shares of 6,141 Visa Inc. (NYSE:V)

Strive Asset Management LLC acquired a new stake in Visa Inc. (NYSE:V) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 6,141 shares of the credit-card processor’s stock, valued at approximately $1,941,000. Visa accounts for about 1.5% of Strive Asset Management LLC’s holdings, making the stock its 17th biggest position.

A number of other large investors also recently modified their holdings of the company. Stuart Chaussee & Associates Inc. increased its position in shares of Visa by 91.9% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 453 shares of the credit-card processor’s stock valued at $143,000 after purchasing an additional 217 shares during the last quarter. Tang Capital Management LLC boosted its holdings in shares of Visa by 42.2% in the 4th quarter. Tang Capital Management LLC now owns 4,718 shares of the credit-card processor’s stock valued at $1,491,000 after buying an additional 1,400 shares in the last quarter. Tema Etfs LLC acquired a new position in shares of Visa in the 4th quarter valued at $1,156,000. Toronto Dominion Bank boosted its holdings in shares of Visa by 3.7% in the 4th quarter. Toronto Dominion Bank now owns 613,002 shares of the credit-card processor’s stock valued at $193,723,000 after buying an additional 21,827 shares in the last quarter. Finally, Safeguard Investment Advisory Group LLC boosted its holdings in shares of Visa by 2.1% in the 4th quarter. Safeguard Investment Advisory Group LLC now owns 3,209 shares of the credit-card processor’s stock valued at $1,014,000 after buying an additional 67 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Up 0.8%

Shares of Visa stock opened at $365.23 on Friday. The company has a market cap of $673.90 billion, a P/E ratio of 36.82, a PEG ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The firm has a fifty day moving average of $338.59 and a two-hundred day moving average of $329.61.

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

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. Visa’s dividend payout ratio is presently 23.72%.

Insider Activity

In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. This trade represents a 59.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at $194,931. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,948 shares of company stock worth $41,548,282 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on V. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday, April 30th. Wells Fargo & Company upped their target price on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Bank of America upped their target price on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group lowered their target price on shares of Visa from $400.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $362.38.

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.