Visa Inc. (NYSE:V) Stake Lifted by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC boosted its holdings in shares of Visa Inc. (NYSE:V) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 21,092 shares of the credit-card processor’s stock after buying an additional 400 shares during the period. EagleClaw Capital Managment LLC’s holdings in Visa were worth $6,666,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in V. Swedbank AB increased its stake in Visa by 10.7% in the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after buying an additional 199,440 shares during the period. Howard Capital Management Group LLC increased its stake in shares of Visa by 0.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after purchasing an additional 610 shares during the last quarter. Pettinga Financial Advisors LLC acquired a new position in Visa in the 3rd quarter valued at $228,000. Beacon Financial Advisory LLC grew its stake in Visa by 6.3% in the 3rd quarter. Beacon Financial Advisory LLC now owns 8,093 shares of the credit-card processor’s stock valued at $2,225,000 after buying an additional 483 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in Visa by 3.8% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 8,590 shares of the credit-card processor’s stock valued at $2,362,000 after purchasing an additional 316 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred 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 is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,505 shares of company stock valued at $22,290,507. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $343.81 on Friday. The stock has a fifty day moving average of $335.63 and a 200 day moving average of $307.80. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The firm has a market capitalization of $638.72 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 2.33 and a beta of 0.95. 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 issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. As a group, research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa’s payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on V. Susquehanna increased their price target on shares of Visa from $395.00 to $410.00 and gave the company a “positive” rating in a report on Friday, February 21st. Citigroup reissued a “neutral” rating on shares of Visa in a report on Thursday, February 13th. The Goldman Sachs Group raised their price objective on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company raised their price objective on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Morgan Stanley lifted their price target on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

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.