Aspire Capital Advisors LLC Buys Shares of 960 Visa Inc. (NYSE:V)

Aspire Capital Advisors LLC purchased a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 960 shares of the credit-card processor’s stock, valued at approximately $303,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Anchor Investment Management LLC increased its holdings in Visa by 1.2% in the second quarter. Anchor Investment Management LLC now owns 101,450 shares of the credit-card processor’s stock worth $26,627,000 after purchasing an additional 1,157 shares in the last quarter. Centaurus Financial Inc. grew its position in shares of Visa by 72.5% during the 2nd quarter. Centaurus Financial Inc. now owns 18,396 shares of the credit-card processor’s stock worth $4,829,000 after buying an additional 7,734 shares during the period. Ashburton Jersey Ltd bought a new stake in shares of Visa in the 2nd quarter valued at $14,347,000. Mattson Financial Services LLC acquired a new position in shares of Visa during the 2nd quarter valued at $2,300,000. Finally, Global Wealth Strategies & Associates boosted its stake in Visa by 79.0% during the third quarter. Global Wealth Strategies & Associates now owns 179 shares of the credit-card processor’s stock worth $49,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on V. Robert W. Baird upped their price objective on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their price target on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. TD Cowen increased their price target on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Mizuho increased their target price on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $335.52.

Visa Stock Up 2.2 %

V opened at $343.26 on Friday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $344.44. The company’s 50-day moving average price is $316.43 and its two-hundred day moving average price is $292.09. The stock has a market cap of $639.46 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.17 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. As a group, equities analysts expect that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. Visa’s dividend payout ratio is currently 24.25%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.