Impact Partnership Wealth LLC Buys 182 Shares of Visa Inc. (NYSE:V)

Impact Partnership Wealth LLC lifted its stake in Visa Inc. (NYSE:V) by 21.3% during the fourth quarter, Holdings Channel reports. The fund owned 1,038 shares of the credit-card processor’s stock after acquiring an additional 182 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Visa were worth $328,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Decker Retirement Planning Inc. bought a new position in Visa in the 4th quarter worth approximately $26,000. Peterson Financial Group Inc. bought a new position in Visa in the 3rd quarter worth approximately $26,000. Modus Advisors LLC bought a new position in Visa in the 4th quarter worth approximately $32,000. Reston Wealth Management LLC bought a new position in Visa in the 3rd quarter worth approximately $31,000. Finally, Sugar Maple Asset Management LLC bought a new position in Visa in the 4th quarter worth approximately $44,000. 82.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

V has been the topic of several recent analyst reports. Macquarie lifted their price target on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. TD Cowen lifted their price objective on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Mizuho lifted their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods lifted their price objective on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $335.52.

Visa Trading Up 0.6 %

Shares of V opened at $330.20 on Monday. The stock has a fifty day moving average price of $314.95 and a two-hundred day moving average price of $290.59. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $331.09. The company has a market cap of $615.11 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the company posted $2.33 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts predict that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is presently 24.25%.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.