Visa Inc. (NYSE:V) Stock Position Raised by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC lifted its holdings in Visa Inc. (NYSE:V) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,788 shares of the credit-card processor’s stock after acquiring an additional 605 shares during the quarter. Visa comprises about 1.3% of Paragon Private Wealth Management LLC’s investment portfolio, making the stock its 17th largest position. Paragon Private Wealth Management LLC’s holdings in Visa were worth $2,777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of V. Swedbank AB increased its stake in Visa by 10.7% during the third quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after acquiring an additional 199,440 shares during the period. Howard Capital Management Group LLC boosted its holdings in shares of Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after acquiring an additional 610 shares in the last quarter. Pettinga Financial Advisors LLC acquired a new position in Visa during the 3rd quarter worth $228,000. Principal Financial Group Inc. boosted its position in Visa by 7.7% in the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock valued at $1,576,366,000 after buying an additional 411,210 shares during the last quarter. Finally, Pegasus Partners Ltd. boosted its position in Visa by 6.5% in the 3rd quarter. Pegasus Partners Ltd. now owns 18,437 shares of the credit-card processor’s stock valued at $5,069,000 after buying an additional 1,121 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

V has been the topic of a number of analyst reports. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. UBS Group increased their target price on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $383.00 target price (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Wells Fargo & Company raised their price objective on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Susquehanna raised their price objective on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

Visa Stock Up 0.5 %

Shares of Visa stock opened at $345.79 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50-day simple moving average of $336.18 and a two-hundred day simple moving average of $308.92. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The stock has a market capitalization of $642.41 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Insider Activity at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,505 shares of company stock valued at $22,290,507 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

Visa Company Profile

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.