FourThought Financial Partners LLC Has $20.14 Million Stake in Visa Inc. (NYSE:V)

FourThought Financial Partners LLC increased its stake in shares of Visa Inc. (NYSE:V) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,709 shares of the credit-card processor’s stock after acquiring an additional 821 shares during the quarter. Visa makes up 2.1% of FourThought Financial Partners LLC’s investment portfolio, making the stock its 8th largest position. FourThought Financial Partners LLC’s holdings in Visa were worth $20,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of V. Twin Peaks Wealth Advisors LLC boosted its position in Visa by 8.4% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 1,568 shares of the credit-card processor’s stock valued at $496,000 after buying an additional 121 shares during the period. Commonwealth Retirement Investments LLC raised its stake in shares of Visa by 2.3% during the fourth quarter. Commonwealth Retirement Investments LLC now owns 9,456 shares of the credit-card processor’s stock valued at $2,988,000 after acquiring an additional 213 shares during the last quarter. Fairhaven Wealth Management LLC boosted its holdings in shares of Visa by 0.3% during the fourth quarter. Fairhaven Wealth Management LLC now owns 20,683 shares of the credit-card processor’s stock worth $6,537,000 after purchasing an additional 58 shares during the period. Brown Financial Advisors boosted its holdings in shares of Visa by 28.7% during the fourth quarter. Brown Financial Advisors now owns 7,309 shares of the credit-card processor’s stock worth $2,310,000 after purchasing an additional 1,632 shares during the period. Finally, Synergy Financial Group LTD bought a new stake in shares of Visa in the fourth quarter worth about $233,000. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

V has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada upped their target price on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Raymond James reiterated an “outperform” rating and issued a $393.00 price target (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Macquarie lifted their target price on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Stock Down 0.4 %

Shares of Visa stock opened at $350.61 on Thursday. The company has a 50-day simple moving average of $331.31 and a two-hundred day simple moving average of $304.27. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $357.15. 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 stock has a market capitalization of $651.36 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97.

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, topping analysts’ consensus estimates 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 will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued 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, February 11th. Visa’s payout ratio is currently 23.79%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the 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 filing with the SEC, which is available at the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,885 shares of company stock valued at $19,161,447 over the last ninety days. 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.