EP Wealth Advisors LLC Has $45.74 Million Stock Holdings in Visa Inc. (NYSE:V)

EP Wealth Advisors LLC raised its stake in Visa Inc. (NYSE:V – Get Rating) by 8.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 257,481 shares of the credit-card processor’s stock after buying an additional 20,961 shares during the quarter. Visa accounts for about 1.0% of EP Wealth Advisors LLC’s holdings, making the stock its 18th biggest position. EP Wealth Advisors LLC’s holdings in Visa were worth $45,742,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in V. McClarren Financial Advisors Inc. acquired a new position in Visa in the 3rd quarter valued at approximately $26,000. Cowa LLC acquired a new position in shares of Visa during the 3rd quarter worth $29,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Visa during the 2nd quarter worth $35,000. TD Capital Management LLC acquired a new position in shares of Visa during the 3rd quarter worth $36,000. Finally, HWG Holdings LP acquired a new position in shares of Visa during the 3rd quarter worth $43,000. Institutional investors and hedge funds own 81.87% of the company’s stock.

Analysts Set New Price Targets

V has been the topic of several analyst reports. BMO Capital Markets increased their price target on shares of Visa from $249.00 to $253.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. Credit Suisse Group increased their price target on shares of Visa from $245.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. Morgan Stanley increased their price target on shares of Visa from $284.00 to $288.00 and gave the stock an “overweight” rating in a research note on Friday, January 27th. StockNews.com downgraded shares of Visa from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Truist Financial upped their price objective on shares of Visa from $235.00 to $260.00 in a report on Friday, January 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $259.11.

Visa Price Performance

Shares of Visa stock opened at $217.39 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44. Visa Inc. has a fifty-two week low of $174.60 and a fifty-two week high of $234.30. The firm has a fifty day moving average price of $223.62 and a two-hundred day moving average price of $208.28. The company has a market cap of $408.91 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 1.71 and a beta of 0.97.

Visa (NYSE:V – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The credit-card processor reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.17. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.70 billion. Visa had a net margin of 50.28% and a return on equity of 49.95%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $1.81 EPS. Analysts expect that Visa Inc. will post 8.43 EPS for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.83%. This is an increase from Visa’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, February 9th. Visa’s dividend payout ratio (DPR) is presently 25.17%.

Insider Transactions at Visa

In other news, President Ryan Mcinerney sold 58,197 shares of the firm’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $62.47, for a total transaction of $3,635,566.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $223.99, for a total transaction of $12,991,420.00. Following the completion of the sale, the chairman now owns 162,354 shares in the company, valued at approximately $36,365,672.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Ryan Mcinerney sold 58,197 shares of the stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $62.47, for a total transaction of $3,635,566.59. The disclosure for this sale can be found here. In the last three months, insiders sold 191,312 shares of company stock valued at $33,751,165. Company insiders own 0.22% of the company’s stock.

Visa Company Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).