FWG Holdings LLC Acquires 420 Shares of Visa Inc. (NYSE:V)

FWG Holdings LLC lifted its holdings in shares of Visa Inc. (NYSE:V) by 13.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,588 shares of the credit-card processor’s stock after acquiring an additional 420 shares during the quarter. Visa makes up about 0.6% of FWG Holdings LLC’s portfolio, making the stock its 28th biggest holding. FWG Holdings LLC’s holdings in Visa were worth $1,241,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Lauterbach Financial Advisors LLC bought a new stake in shares of Visa during the 4th quarter worth about $222,000. Main Street Research LLC raised its holdings in Visa by 2.6% in the 4th quarter. Main Street Research LLC now owns 168,028 shares of the credit-card processor’s stock valued at $53,104,000 after acquiring an additional 4,262 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Visa by 6.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,124,986 shares of the credit-card processor’s stock worth $355,541,000 after acquiring an additional 63,504 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in shares of Visa by 2.1% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 7,834 shares of the credit-card processor’s stock worth $2,476,000 after acquiring an additional 163 shares during the period. Finally, Taika Capital LP acquired a new position in shares of Visa in the fourth quarter valued at approximately $387,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 transaction of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, March 3rd. The stock was 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 owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,505 shares of company stock worth $22,290,507. 0.13% of the stock is currently owned by company insiders.

Visa Trading Up 0.5 %

NYSE:V opened at $345.79 on Monday. The firm’s fifty day moving average is $336.18 and its 200-day moving average is $308.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The firm has a market cap of $642.41 billion, a P/E ratio of 34.86, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley lifted their price target on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Piper Sandler reiterated an “overweight” rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Finally, Raymond James restated an “outperform” rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $353.96.

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.