Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 2,202 Shares of Visa Inc. $V

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Visa Inc. (NYSE:VFree Report) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,452 shares of the credit-card processor’s stock after buying an additional 2,202 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Visa were worth $12,434,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of V. TCI Fund Management Ltd. lifted its holdings in shares of Visa by 14.6% during the 2nd quarter. TCI Fund Management Ltd. now owns 19,067,558 shares of the credit-card processor’s stock valued at $6,769,936,000 after purchasing an additional 2,429,996 shares during the last quarter. Corient Private Wealth LLC grew its stake in Visa by 110.4% during the 2nd quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor’s stock worth $1,396,930,000 after buying an additional 2,075,289 shares during the last quarter. Holocene Advisors LP boosted its stake in Visa by 286.4% in the 3rd quarter. Holocene Advisors LP now owns 2,526,026 shares of the credit-card processor’s stock worth $862,335,000 after purchasing an additional 1,872,362 shares in the last quarter. SG Americas Securities LLC grew its position in Visa by 121.7% during the 4th quarter. SG Americas Securities LLC now owns 3,022,411 shares of the credit-card processor’s stock worth $1,059,990,000 after purchasing an additional 1,658,954 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in Visa during the 3rd quarter worth approximately $565,684,000. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

Shares of V stock opened at $300.88 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $546.14 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.72 and a beta of 0.80. The firm’s 50 day moving average price is $315.08 and its 200-day moving average price is $331.53. Visa Inc. has a one year low of $293.89 and a one year high of $375.51.

Visa (NYSE:VGet Free Report) last announced its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The company had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the previous year, the company earned $2.75 earnings per share. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. Visa’s payout ratio is presently 25.14%.

Analysts Set New Price Targets

V has been the topic of several research analyst reports. UBS Group dropped their price target on Visa from $425.00 to $390.00 and set a “buy” rating on the stock in a research note on Tuesday. HSBC raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Truist Financial set a $372.00 price target on shares of Visa in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a report on Wednesday, January 21st. Finally, Macquarie Infrastructure reiterated an “outperform” rating and issued a $410.00 target price on shares of Visa in a research report on Friday, January 30th. Seven analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $390.96.

Check Out Our Latest Analysis on V

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

Insider Activity

In related news, Director Lloyd Carney sold 650 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the transaction, the director owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. This represents a 19.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Visa Company Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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