Los Angeles Capital Management LLC Purchases 59,746 Shares of Visa Inc. (NYSE:V)

Los Angeles Capital Management LLC boosted its position in Visa Inc. (NYSE:V) by 13.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 519,233 shares of the credit-card processor’s stock after acquiring an additional 59,746 shares during the period. Visa accounts for approximately 0.7% of Los Angeles Capital Management LLC’s portfolio, making the stock its 29th largest holding. Los Angeles Capital Management LLC’s holdings in Visa were worth $164,098,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Avalon Capital Management grew its stake in Visa by 0.6% during the fourth quarter. Avalon Capital Management now owns 6,543 shares of the credit-card processor’s stock valued at $2,068,000 after acquiring an additional 39 shares in the last quarter. FourThought Financial Partners LLC increased its position in shares of Visa by 1.3% in the fourth quarter. FourThought Financial Partners LLC now owns 63,709 shares of the credit-card processor’s stock worth $20,135,000 after purchasing an additional 821 shares during the last quarter. Twin Peaks Wealth Advisors LLC increased its holdings in shares of Visa by 8.4% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 1,568 shares of the credit-card processor’s stock worth $496,000 after buying an additional 121 shares during the last quarter. Commonwealth Retirement Investments LLC raised its position in Visa by 2.3% during the fourth quarter. Commonwealth Retirement Investments LLC now owns 9,456 shares of the credit-card processor’s stock valued at $2,988,000 after purchasing an additional 213 shares in the last quarter. Finally, Fairhaven Wealth Management LLC lifted its stake in Visa by 0.3% during the fourth quarter. Fairhaven Wealth Management LLC now owns 20,683 shares of the credit-card processor’s stock worth $6,537,000 after purchasing an additional 58 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on V. JPMorgan Chase & Co. raised their price objective on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and set a $383.00 target price (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Bank of America increased their target price on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group lifted their price target on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note 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.com, Visa has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,885 shares of company stock worth $19,161,447. Insiders own 0.13% of the company’s stock.

Visa Price Performance

V opened at $355.56 on Friday. The firm has a market cap of $660.55 billion, a PE ratio of 35.84, a P/E/G ratio of 2.33 and a beta of 0.97. The stock has a 50-day moving average price of $332.12 and a 200-day moving average price of $304.62. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $360.31. 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 issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

About Visa

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.