1,989 Shares in Visa Inc. $V Acquired by Berkshire Money Management Inc.

Berkshire Money Management Inc. bought a new position in shares of Visa Inc. (NYSE:VFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,989 shares of the credit-card processor’s stock, valued at approximately $698,000.

A number of other large investors have also bought and sold shares of V. Clayton Financial Group LLC increased its holdings in Visa by 446.2% during the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after purchasing an additional 58 shares in the last quarter. PayPay Securities Corp increased its holdings in Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 38 shares in the last quarter. Parvin Asset Management LLC increased its holdings in Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares in the last quarter. Dorato Capital Management bought a new position in Visa during the 4th quarter worth about $30,000. Finally, Imprint Wealth LLC bought a new position in Visa during the 3rd quarter worth about $39,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Visa news, Director Lloyd Carney sold 650 shares of Visa stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the transaction, the director directly owned 2,679 shares of the company’s stock, valued at $829,471.98. The trade was a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Freedom Capital upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Rothschild & Co Redburn set a $385.00 price target on shares of Visa in a research note on Wednesday, January 28th. BMO Capital Markets assumed coverage on shares of Visa in a research note on Tuesday. They set an “outperform” rating and a $365.00 price target for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $395.00 price target on shares of Visa in a research note on Friday, January 30th. Finally, Citigroup decreased their price target on shares of Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $388.25.

Check Out Our Latest Research Report on Visa

Key Visa News

Here are the key news stories impacting Visa this week:

Visa Trading Down 1.3%

Visa stock opened at $309.84 on Wednesday. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $375.51. 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 stock has a market capitalization of $562.42 billion, a P/E ratio of 29.07, a PEG ratio of 1.80 and a beta of 0.80. The stock has a 50-day simple moving average of $310.65 and a 200 day simple moving average of $328.70.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping 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 business had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter last year, the company posted $2.75 earnings per share. Visa’s quarterly revenue was up 14.6% on a year-over-year basis. Analysts expect that Visa Inc. will post 12.84 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Visa’s dividend payout ratio (DPR) is presently 25.14%.

About Visa

(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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