Visa Inc. (NYSE:V) Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC increased its position in shares of Visa Inc. (NYSE:VFree Report) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,760 shares of the credit-card processor’s stock after purchasing an additional 117 shares during the quarter. Sound Income Strategies LLC’s holdings in Visa were worth $458,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hibernia Wealth Partners LLC acquired a new position in shares of Visa in the third quarter worth $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Visa in the third quarter valued at $25,000. West Tower Group LLC purchased a new stake in shares of Visa in the second quarter valued at $30,000. Financial Freedom LLC purchased a new stake in shares of Visa in the fourth quarter valued at $32,000. Finally, Nalls Sherbakoff Group LLC grew its position in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the period. 81.35% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of V stock opened at $283.04 on Monday. Visa Inc. has a 12-month low of $208.76 and a 12-month high of $289.04. The firm has a market capitalization of $519.81 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 1.97 and a beta of 0.96. The business has a 50 day simple moving average of $275.87 and a 200 day simple moving average of $256.61. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $2.18 EPS. On average, equities research analysts anticipate that Visa Inc. will post 9.9 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.73%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Activity

In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,311 shares of company stock worth $12,832,129. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on V shares. UBS Group boosted their price target on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Susquehanna upped their target price on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Wedbush upped their target price on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Wells Fargo & Company upped their target price on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, Keefe, Bruyette & Woods boosted their price target on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $293.30.

Check Out Our Latest Report on Visa

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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