Visa Inc. (NYSE:V) Shares Purchased by Miramar Capital LLC

Miramar Capital LLC lifted its position in Visa Inc. (NYSE:V) by 0.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 41,855 shares of the credit-card processor’s stock after acquiring an additional 132 shares during the period. Visa makes up 3.2% of Miramar Capital LLC’s investment portfolio, making the stock its 13th largest position. Miramar Capital LLC’s holdings in Visa were worth $13,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in V. Elevation Wealth Partners LLC lifted its stake in shares of Visa by 3.3% in the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor’s stock valued at $297,000 after purchasing an additional 30 shares during the period. Warther Private Wealth LLC raised its stake in Visa by 1.0% during the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor’s stock worth $928,000 after buying an additional 30 shares during the period. Valmark Advisers Inc. raised its stake in Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor’s stock worth $2,292,000 after buying an additional 30 shares during the period. Strategic Family Wealth Counselors L.L.C. raised its stake in Visa by 0.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor’s stock worth $2,302,000 after buying an additional 30 shares during the period. Finally, Crescent Grove Advisors LLC raised its stake in Visa by 2.2% during the 4th quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor’s stock worth $454,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.5 %

Visa stock opened at $345.79 on Friday. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. 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 $642.41 billion, a P/E ratio of 34.86, a PEG ratio of 2.33 and a beta of 0.95. The stock has a 50-day simple moving average of $336.18 and a 200 day simple moving average of $308.63.

Visa (NYSE:V) last posted 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 return on equity of 54.79% and a net margin of 54.27%. Analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Wall Street Analyst Weigh In

Several brokerages recently commented on V. The Goldman Sachs Group raised their price objective on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Citigroup reaffirmed a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Wells Fargo & Company raised their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Susquehanna increased their target price on Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Insider Buying and Selling

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were 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 directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,505 shares of company stock worth $22,290,507. Company insiders own 0.13% of the company’s stock.

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.