Visa Inc. (NYSE:V) is Boston Family Office LLC’s 4th Largest Position

Boston Family Office LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 1.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 138,872 shares of the credit-card processor’s stock after selling 1,862 shares during the period. Visa comprises about 3.0% of Boston Family Office LLC’s holdings, making the stock its 4th largest position. Boston Family Office LLC’s holdings in Visa were worth $43,889,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Riverstone Advisors LLC purchased a new position in Visa during the 4th quarter valued at about $217,000. Journey Strategic Wealth LLC increased its stake 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 valued at $3,058,000 after purchasing an additional 1,361 shares in the last quarter. King Wealth Management Group lifted its holdings 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 valued at $23,663,000 after purchasing an additional 6,172 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Visa in the 4th quarter worth approximately $10,163,000. Finally, Copley Financial Group Inc. bought a new stake in shares of Visa in the 3rd quarter worth approximately $616,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on V. UBS Group lifted their price objective on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research report on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Morgan Stanley raised their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group upped their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $355.84.

Visa Stock Performance

V stock opened at $350.68 on Tuesday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The business has a 50-day moving average price of $344.22 and a 200 day moving average price of $315.95. The company has a market capitalization of $651.48 billion, a P/E ratio of 35.35, a PEG ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

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

Visa Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.67%. Visa’s dividend payout ratio is currently 23.79%.

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.