Cutter & CO Brokerage Inc. Has $4.10 Million Stake in Visa Inc. (NYSE:V)

Cutter & CO Brokerage Inc. boosted its holdings in shares of Visa Inc. (NYSE:V) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,979 shares of the credit-card processor’s stock after purchasing an additional 115 shares during the quarter. Visa makes up about 1.0% of Cutter & CO Brokerage Inc.’s portfolio, making the stock its 24th largest position. Cutter & CO Brokerage Inc.’s holdings in Visa were worth $4,102,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Symmetry Inc bought a new stake in shares of Visa in the 4th quarter worth approximately $230,000. Lake Street Advisors Group LLC lifted its position in shares of Visa by 1.8% in the 4th quarter. Lake Street Advisors Group LLC now owns 19,422 shares of the credit-card processor’s stock worth $6,138,000 after acquiring an additional 337 shares during the period. JFG Wealth Management LLC lifted its position in shares of Visa by 6.5% in the 4th quarter. JFG Wealth Management LLC now owns 1,451 shares of the credit-card processor’s stock worth $459,000 after acquiring an additional 88 shares during the period. Provident Wealth Management LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $200,000. Finally, Kirtland Hills Capital Management LLC lifted its position in shares of Visa by 2.3% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 13,255 shares of the credit-card processor’s stock worth $4,189,000 after acquiring an additional 297 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,885 shares of company stock worth $19,161,447 in the last three months. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent research reports. Citigroup reissued a “neutral” rating on shares of Visa in a report on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 31st. Wells Fargo & Company increased their target price on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. 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. Finally, Raymond James reissued an “outperform” rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Visa Stock Up 1.4 %

NYSE:V opened at $355.56 on Friday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $360.31. 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 firm has a market capitalization of $660.55 billion, a P/E ratio of 35.84, a P/E/G ratio of 2.33 and a beta of 0.97. The stock’s fifty day simple moving average is $332.12 and its 200-day simple moving average is $304.62.

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

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. Visa’s dividend payout ratio is currently 23.79%.

Visa 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.