Retirement Guys Formula LLC Raises Position in Visa Inc. (NYSE:V)

Retirement Guys Formula LLC grew its holdings in shares of Visa Inc. (NYSE:VFree Report) by 8.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,306 shares of the credit-card processor’s stock after purchasing an additional 338 shares during the period. Retirement Guys Formula LLC’s holdings in Visa were worth $1,121,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. BCK Partners Inc. bought a new stake in shares of Visa during the first quarter valued at approximately $2,717,000. Markel Corp increased its position in shares of Visa by 0.3% during the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after acquiring an additional 3,065 shares in the last quarter. AMI Investment Management Inc. bought a new stake in shares of Visa during the first quarter valued at approximately $2,323,000. Ergoteles LLC bought a new stake in shares of Visa during the first quarter valued at approximately $538,000. Finally, XTX Topco Ltd bought a new stake in shares of Visa during the first quarter valued at approximately $1,496,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Up 0.1 %

V opened at $278.55 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The firm’s fifty day moving average is $279.62 and its 200 day moving average is $259.44. The stock has a market cap of $511.56 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.18 EPS. On average, sell-side analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is currently 23.94%.

Analysts Set New Price Targets

V has been the subject of several analyst reports. UBS Group raised their price target on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Mizuho reaffirmed a “neutral” rating and issued a $265.00 target price on shares of Visa in a research report on Wednesday, March 27th. Wedbush lifted their target price on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. KeyCorp lifted their target price on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $295.82.

Get Our Latest Analysis on V

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 55,511 shares of company stock worth $15,131,081 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

About Visa

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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