Knights of Columbus Asset Advisors LLC Raises Stock Holdings in Visa Inc. (NYSE:V)

Knights of Columbus Asset Advisors LLC grew its stake in Visa Inc. (NYSE:V) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,497 shares of the credit-card processor’s stock after buying an additional 200 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Visa were worth $9,954,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of V. Riverstone Advisors LLC purchased a new stake in shares of Visa during the fourth quarter worth about $217,000. Journey Strategic Wealth LLC grew its position in shares of Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after purchasing an additional 1,361 shares in the last quarter. King Wealth Management Group grew its position in shares of Visa by 9.0% during the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock worth $23,663,000 after purchasing an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Visa during the fourth quarter worth about $10,163,000. Finally, Copley Financial Group Inc. purchased a new stake in shares of Visa during the third quarter worth about $616,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was 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 can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is currently owned by company insiders.

Visa Trading Down 0.9 %

V opened at $336.51 on Friday. The stock’s fifty day moving average is $340.48 and its two-hundred day moving average is $312.82. The company has a market capitalization of $625.15 billion, a P/E ratio of 33.92, a PEG ratio of 2.33 and a beta of 0.95. Visa Inc. has a 52 week low of $252.70 and a 52 week 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.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 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%. Analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.70%. Visa’s payout ratio is currently 23.79%.

Analysts Set New Price Targets

V has been the subject of several research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $383.00 target price (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Barclays raised their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Finally, Wells Fargo & Company raised their price target on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $353.96.

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.