HHM Wealth Advisors LLC Acquires 3,648 Shares of Visa Inc. (NYSE:V)

HHM Wealth Advisors LLC raised its position in Visa Inc. (NYSE:V) by 161.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,907 shares of the credit-card processor’s stock after buying an additional 3,648 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Visa were worth $1,867,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in Visa in the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the 4th quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa in the 3rd quarter valued at approximately $31,000. Modus Advisors LLC acquired a new stake in shares of Visa in the 4th quarter valued at approximately $32,000. Finally, West Financial Advisors LLC boosted its stake in shares of Visa by 101.4% in the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after purchasing an additional 73 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada raised their price target on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their target price 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. JPMorgan Chase & Co. lifted their target price on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets lifted their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Stock Down 0.1 %

Visa stock opened at $345.31 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $351.25. The firm’s fifty day moving average is $318.40 and its 200 day moving average is $293.81. The company has a market capitalization of $643.27 billion, a PE ratio of 34.81, a PEG ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts predict that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction 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 filing with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’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 transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,983 shares of company stock worth $7,213,146. 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.