FAS Wealth Partners Inc. Acquires 1,084 Shares of Visa Inc. (NYSE:V)

FAS Wealth Partners Inc. increased its holdings in Visa Inc. (NYSE:V) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,389 shares of the credit-card processor’s stock after acquiring an additional 1,084 shares during the quarter. FAS Wealth Partners Inc.’s holdings in Visa were worth $2,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of V. Hibernia Wealth Partners LLC purchased a new stake in shares of Visa in the third quarter worth $25,000. Altshuler Shaham Ltd bought a new stake in shares of Visa during the third quarter valued at approximately $25,000. West Tower Group LLC bought a new stake in shares of Visa during the second quarter valued at approximately $30,000. Financial Freedom LLC purchased a new position in Visa in the 4th quarter worth approximately $32,000. Finally, Nalls Sherbakoff Group LLC lifted its position in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on V. Monness Crespi & Hardt assumed coverage on Visa in a research report on Wednesday, December 20th. They set a “neutral” rating on the stock. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 26th. Mizuho restated a “neutral” rating and set a $265.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Finally, Barclays lifted their target price on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $295.82.

Insider Buying and Selling at Visa

In other news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was 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. Insiders have sold 55,511 shares of company stock worth $15,131,081 over the last quarter. Insiders own 0.19% of the company’s stock.

Visa Stock Down 0.5 %

Shares of NYSE V opened at $276.96 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The firm’s 50-day moving average price is $279.87 and its 200-day moving average price is $259.82. The stock has a market capitalization of $508.64 billion, a price-to-earnings ratio of 31.87, a P/E/G ratio of 1.92 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data 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 business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.18 earnings per share. On average, equities research analysts anticipate that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

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

About Visa

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.