Visa Inc. (NYSE:V) Shares Bought by NewEdge Wealth LLC

NewEdge Wealth LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 170,716 shares of the credit-card processor’s stock after acquiring an additional 8,101 shares during the period. Visa comprises about 0.9% of NewEdge Wealth LLC’s investment portfolio, making the stock its 18th biggest holding. NewEdge Wealth LLC’s holdings in Visa were worth $53,953,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its stake in Visa by 3.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 148,154 shares of the credit-card processor’s stock worth $46,823,000 after purchasing an additional 5,187 shares in the last quarter. Oakwell Private Wealth Management LLC grew its stake in Visa by 7.5% in the fourth quarter. Oakwell Private Wealth Management LLC now owns 3,882 shares of the credit-card processor’s stock worth $1,227,000 after purchasing an additional 270 shares in the last quarter. Magnolia Private Wealth LLC acquired a new position in Visa in the fourth quarter worth about $216,000. Checchi Capital Advisers LLC grew its stake in Visa by 1.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 15,822 shares of the credit-card processor’s stock worth $5,000,000 after purchasing an additional 250 shares in the last quarter. Finally, Armstrong Fleming & Moore Inc grew its stake in Visa by 17.2% in the fourth quarter. Armstrong Fleming & Moore Inc now owns 1,184 shares of the credit-card processor’s stock worth $374,000 after purchasing an additional 174 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’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 transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,885 shares of company stock valued at $19,161,447. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of NYSE:V opened at $363.33 on Friday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $364.00. The stock has a market cap of $674.99 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 2.33 and a beta of 0.97. The stock’s 50 day moving average price is $333.03 and its 200 day moving average price is $305.34. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping 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%. Equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued 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 0.65%. Visa’s dividend payout ratio is currently 23.79%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on V. UBS Group lifted their price target on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Susquehanna lifted their target price on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research note on Friday, February 21st. Piper Sandler restated an “overweight” rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Finally, William Blair restated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $353.96.

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.