Vantage Point Financial LLC Purchases Shares of 735 Visa Inc. (NYSE:V)

Vantage Point Financial LLC acquired a new position in Visa Inc. (NYSE:V) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 735 shares of the credit-card processor’s stock, valued at approximately $232,000.

Several other large investors have also made changes to their positions in the business. Crescent Grove Advisors LLC lifted its position in shares of Visa by 2.2% in the 4th quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor’s stock worth $454,000 after purchasing an additional 31 shares during the period. Phoenix Wealth Advisors increased its position in shares of Visa by 3.4% during the fourth quarter. Phoenix Wealth Advisors now owns 964 shares of the credit-card processor’s stock worth $305,000 after buying an additional 32 shares during the period. Unionview LLC raised its stake in Visa by 1.5% during the third quarter. Unionview LLC now owns 2,296 shares of the credit-card processor’s stock worth $631,000 after buying an additional 33 shares during the last quarter. Forza Wealth Management LLC lifted its holdings in Visa by 2.9% in the fourth quarter. Forza Wealth Management LLC now owns 1,164 shares of the credit-card processor’s stock valued at $368,000 after buying an additional 33 shares during the period. Finally, Presilium Private Wealth LLC boosted its position in Visa by 2.2% during the fourth quarter. Presilium Private Wealth LLC now owns 1,503 shares of the credit-card processor’s stock valued at $475,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

NYSE V opened at $349.27 on Thursday. The company has a fifty day moving average price of $319.07 and a 200-day moving average price of $294.37. The firm has a market cap of $650.64 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 2.30 and a beta of 0.97. 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 Inc. has a 1 year low of $252.70 and a 1 year high of $351.25.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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, equities research analysts predict that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Announces Dividend

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

Wall Street Analyst Weigh In

V has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods boosted their price target on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Oppenheimer raised their price objective on shares of Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Susquehanna boosted their target price on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $354.73.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s 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 $2,930,800.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,983 shares of company stock worth $7,213,146. 0.13% of the stock is owned by company insiders.

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.