Visa Inc. $V Shares Bought by Earned Wealth Advisors LLC

Earned Wealth Advisors LLC boosted its holdings in shares of Visa Inc. (NYSE:VFree Report) by 53.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,882 shares of the credit-card processor’s stock after acquiring an additional 2,410 shares during the period. Earned Wealth Advisors LLC’s holdings in Visa were worth $2,414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Define Financial LLC raised its position in Visa by 4.0% during the third quarter. Define Financial LLC now owns 779 shares of the credit-card processor’s stock worth $266,000 after acquiring an additional 30 shares during the last quarter. Patron Partners LLC raised its position in Visa by 0.6% during the third quarter. Patron Partners LLC now owns 4,648 shares of the credit-card processor’s stock worth $1,587,000 after acquiring an additional 30 shares during the last quarter. MTM Investment Management LLC raised its position in Visa by 0.9% during the third quarter. MTM Investment Management LLC now owns 3,344 shares of the credit-card processor’s stock worth $1,142,000 after acquiring an additional 30 shares during the last quarter. High Note Wealth LLC raised its position in Visa by 6.8% during the third quarter. High Note Wealth LLC now owns 474 shares of the credit-card processor’s stock worth $162,000 after acquiring an additional 30 shares during the last quarter. Finally, Beacon Capital Management LLC raised its position in Visa by 2.0% during the third quarter. Beacon Capital Management LLC now owns 1,541 shares of the credit-card processor’s stock worth $526,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Visa stock opened at $309.84 on Wednesday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $375.51. The firm has a 50 day moving average price of $310.65 and a 200 day moving average price of $328.70. The company has a market cap of $562.42 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.80 and a beta of 0.80. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11.

Visa (NYSE:VGet Free Report) last released 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 net margin of 50.23% and a return on equity of 61.74%. The firm had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the previous year, the firm earned $2.75 earnings per share. Visa’s revenue was up 14.6% compared to the same quarter last year. Sell-side analysts predict that Visa Inc. will post 12.84 earnings per share for the current year.

Visa Dividend Announcement

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

Insider Transactions at Visa

In related news, Director Lloyd Carney sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the sale, the director directly owned 2,679 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.12% of the company’s stock.

Trending Headlines about Visa

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Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on V shares. Bank of America started coverage on shares of Visa in a research report on Thursday, March 5th. They set a “buy” rating and a $410.00 target price for the company. UBS Group lowered their price target on shares of Visa from $425.00 to $390.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Morgan Stanley reiterated an “overweight” rating and set a $411.00 price target (up from $398.00) on shares of Visa in a report on Friday, January 30th. Rothschild & Co Redburn set a $385.00 price target on shares of Visa in a report on Wednesday, January 28th. Finally, Loop Capital started coverage on shares of Visa in a report on Tuesday, March 31st. They set a “buy” rating and a $387.00 price target for the company. Six analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $388.25.

View Our Latest Stock Report on Visa

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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