5,998 Shares in Visa Inc. (NYSE:V) Purchased by Challenger Wealth Management

Challenger Wealth Management purchased a new position in shares of Visa Inc. (NYSE:V) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,998 shares of the credit-card processor’s stock, valued at approximately $1,896,000. Visa makes up 1.6% of Challenger Wealth Management’s investment portfolio, making the stock its 16th biggest position.

Other institutional investors also recently bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC boosted its holdings in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the last quarter. Compass Planning Associates Inc acquired a new stake in Visa in the 4th quarter worth about $32,000. NewSquare Capital LLC purchased a new stake in Visa during the 4th quarter worth approximately $35,000. Finally, FPC Investment Advisory Inc. raised its holdings in shares of Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after acquiring an additional 83 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. UBS Group decreased their price objective on Visa from $400.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Barclays upped their target price on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. BMO Capital Markets raised their price target on shares of Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, Evercore ISI assumed coverage on shares of Visa in a research report on Wednesday, April 9th. They set an “in-line” rating and a $330.00 price target on the stock. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $362.38.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at approximately $194,931. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. This represents a 59.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,948 shares of company stock valued at $41,548,282. Company insiders own 0.13% of the company’s stock.

Visa Price Performance

V stock opened at $354.04 on Friday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $369.15. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market cap of $653.27 billion, a price-to-earnings ratio of 35.69, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The business has a fifty day moving average of $341.47 and a two-hundred day moving average of $331.92.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company earned $2.51 EPS. As a group, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, May 13th. Visa’s dividend payout ratio is presently 23.72%.

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.