HUB Investment Partners LLC Purchases 3,344 Shares of Visa Inc. (NYSE:V)

HUB Investment Partners LLC lifted its position in Visa Inc. (NYSE:V) by 8.5% during the 4th quarter, HoldingsChannel reports. The firm owned 42,486 shares of the credit-card processor’s stock after buying an additional 3,344 shares during the period. HUB Investment Partners LLC’s holdings in Visa were worth $13,427,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in Visa in the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa during the fourth quarter valued at about $27,000. POM Investment Strategies LLC boosted its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the period. Modus Advisors LLC purchased a new stake in Visa during the fourth quarter valued at about $32,000. Finally, Compass Planning Associates Inc purchased a new stake in Visa during the fourth quarter valued at about $32,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Visa stock opened at $339.92 on Thursday. The company’s 50-day moving average price is $339.38 and its 200-day moving average price is $312.21. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. 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 company has a market cap of $631.50 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS 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, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. Visa’s dividend payout ratio is presently 23.79%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were 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 approximately $194,931. This represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,855 shares of company stock valued at $35,165,827. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group upped their price target on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 31st. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Wells Fargo & Company increased their price target on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Susquehanna increased their price target on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research note on Friday, February 21st. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $353.96.

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.