Visa Inc. (NYSE:V) Shares Purchased by Clarius Group LLC

Clarius Group LLC raised its holdings in Visa Inc. (NYSE:V) by 0.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 18,095 shares of the credit-card processor’s stock after acquiring an additional 122 shares during the period. Clarius Group LLC’s holdings in Visa were worth $5,719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Certified Advisory Corp grew its position in Visa by 5.3% during the second quarter. Certified Advisory Corp now owns 14,048 shares of the credit-card processor’s stock valued at $3,687,000 after acquiring an additional 705 shares during the period. J. Stern & Co. LLP lifted its stake in shares of Visa by 39.5% in the 2nd quarter. J. Stern & Co. LLP now owns 10,847 shares of the credit-card processor’s stock valued at $2,847,000 after purchasing an additional 3,070 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Visa by 23.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 519,939 shares of the credit-card processor’s stock worth $136,468,000 after purchasing an additional 97,655 shares during the period. Magnetar Financial LLC increased its position in Visa by 37.1% during the 2nd quarter. Magnetar Financial LLC now owns 17,736 shares of the credit-card processor’s stock worth $4,655,000 after purchasing an additional 4,803 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in Visa by 2.8% in the second quarter. Evergreen Capital Management LLC now owns 21,714 shares of the credit-card processor’s stock valued at $5,699,000 after buying an additional 582 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.9 %

Visa stock opened at $319.97 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61. The firm’s 50-day moving average is $313.41 and its 200-day moving average is $288.73. The company has a market cap of $596.06 billion, a P/E ratio of 32.88, a PEG ratio of 2.06 and a beta of 0.96.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 earnings per share. On average, equities analysts expect that Visa Inc. will post 11.22 earnings per share for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.74%. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Insider Activity

In related news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % 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 company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on V. BMO Capital Markets increased their price objective on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their price objective on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Macquarie upped their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays raised their target price on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Piper Sandler upped their price target on Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.92.

Visa 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.