2,119 Shares in Visa Inc. (NYSE:V) Acquired by Triad Wealth Partners LLC

Triad Wealth Partners LLC bought a new position in shares of Visa Inc. (NYSE:V) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,119 shares of the credit-card processor’s stock, valued at approximately $670,000.

Several other hedge funds also recently made changes to their positions in the business. Laffer Tengler Investments Inc. grew its stake in shares of Visa by 8.2% during the 4th quarter. Laffer Tengler Investments Inc. now owns 10,347 shares of the credit-card processor’s stock worth $3,270,000 after acquiring an additional 785 shares in the last quarter. Carrera Capital Advisors grew its stake in shares of Visa by 3.7% in the fourth quarter. Carrera Capital Advisors now owns 1,525 shares of the credit-card processor’s stock valued at $482,000 after buying an additional 55 shares in the last quarter. Glass Wealth Management Co LLC grew its stake in shares of Visa by 11.9% in the fourth quarter. Glass Wealth Management Co LLC now owns 6,892 shares of the credit-card processor’s stock valued at $2,178,000 after buying an additional 735 shares in the last quarter. Keybank National Association OH grew its stake in shares of Visa by 1.4% in the fourth quarter. Keybank National Association OH now owns 179,931 shares of the credit-card processor’s stock valued at $56,865,000 after buying an additional 2,480 shares in the last quarter. Finally, Jag Capital Management LLC grew its stake in shares of Visa by 1.2% in the fourth quarter. Jag Capital Management LLC now owns 15,283 shares of the credit-card processor’s stock valued at $4,830,000 after buying an additional 183 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on V. The Goldman Sachs Group raised their target price on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Oppenheimer reissued an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Wells Fargo & Company raised their price target on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 31st. Six 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $353.96.

Visa Stock Performance

Visa stock opened at $352.18 on Thursday. The stock has a market cap of $654.27 billion, a PE ratio of 35.50, a P/E/G 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. The business’s 50-day moving average price is $335.17 and its two-hundred day moving average price is $307.55. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. As a group, analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

Insider Buying and Selling

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,505 shares of company stock valued at $22,290,507 over the last ninety days. 0.13% of the stock is owned by company 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.