Joel Isaacson & Co. LLC Increases Holdings in Visa Inc. (NYSE:V)

Joel Isaacson & Co. LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,620 shares of the credit-card processor’s stock after acquiring an additional 58 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Visa were worth $2,408,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Peterson Financial Group Inc. purchased a new position in Visa during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the fourth quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa in the third quarter valued at approximately $31,000. Modus Advisors LLC purchased a new position in shares of Visa during the fourth quarter worth approximately $32,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Visa in the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V opened at $348.26 on Monday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $351.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The company’s 50 day simple moving average is $321.08 and its 200 day simple moving average is $295.90. The stock has a market capitalization of $647.00 billion, a PE ratio of 35.11, a P/E/G ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last posted its quarterly 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 return on equity of 54.79% and a net margin of 54.27%. As a group, sell-side analysts expect that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on V. UBS Group increased their price target on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Susquehanna raised their price target on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Jefferies Financial Group upped their price objective on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup lifted their target price on Visa from $354.00 to $393.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Raymond James reissued an “outperform” rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $354.73.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,056 shares of company stock valued at $19,830,050. Company insiders own 0.13% of the company’s stock.

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.