Visa Inc. (NYSE:V) Shares Purchased by Round Rock Advisors LLC

Round Rock Advisors LLC lifted its holdings in Visa Inc. (NYSE:V) by 23.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 938 shares of the credit-card processor’s stock after purchasing an additional 179 shares during the quarter. Round Rock Advisors LLC’s holdings in Visa were worth $296,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of V. Peterson Financial Group Inc. bought a new stake in shares of Visa in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Visa in the fourth quarter valued at $26,000. Reston Wealth Management LLC acquired a new stake in Visa during the 3rd quarter worth about $31,000. Modus Advisors LLC purchased a new position in Visa during the fourth quarter valued at approximately $32,000. Finally, West Financial Advisors LLC grew its holdings in shares of Visa by 101.4% during the 3rd 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. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup increased their price objective on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group boosted their price objective on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price target on shares of Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Morgan Stanley boosted their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler reissued an “overweight” rating and issued a $383.00 price target (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s 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 completion of the transaction, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,054,500. This trade represents a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,983 shares of company stock worth $7,213,146 over the last quarter. 0.13% of the stock is currently owned by company insiders.

Visa Stock Down 0.1 %

Shares of NYSE:V opened at $345.31 on Wednesday. The company has a 50 day moving average of $318.40 and a 200-day moving average of $293.81. The stock has a market cap of $643.27 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 2.30 and a beta of 0.97. Visa Inc. has a one year low of $252.70 and a one year high of $351.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa’s dividend payout ratio is presently 23.79%.

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.