ST Germain D J Co. Inc. lifted its stake in Visa Inc. (NYSE:V – Free Report) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,734 shares of the credit-card processor’s stock after acquiring an additional 114 shares during the period. ST Germain D J Co. Inc.’s holdings in Visa were worth $9,081,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in V. Peterson Financial Group Inc. acquired a new stake in shares of Visa in the 3rd quarter worth $26,000. Reston Wealth Management LLC purchased a new stake in Visa in the third quarter valued at about $31,000. Modus Advisors LLC acquired a new stake in Visa in the fourth quarter worth about $32,000. Fairway Wealth LLC purchased a new stake in shares of Visa during the second quarter worth about $39,000. Finally, West Financial Advisors LLC increased its holdings in shares of Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Visa Trading Down 1.4 %
Shares of NYSE V traded down $4.46 during midday trading on Friday, reaching $308.14. 1,840,974 shares of the stock were exchanged, compared to its average volume of 4,677,757. The stock has a market capitalization of $574.03 billion, a P/E ratio of 31.67, a PEG ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The company has a 50 day simple moving average of $311.80 and a 200 day simple moving average of $286.63. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $321.61.
Visa Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is currently 24.25%.
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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Robert W. Baird raised their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Oppenheimer raised their price objective on Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Piper Sandler upped their target price on Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price target on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, TD Cowen lifted their price objective on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.85.
Read Our Latest Research Report on V
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.
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