American Money Management LLC Increases Position in Visa Inc. (NYSE:V)

American Money Management LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,867 shares of the credit-card processor’s stock after purchasing an additional 135 shares during the period. Visa makes up approximately 2.1% of American Money Management LLC’s holdings, making the stock its 12th largest position. American Money Management LLC’s holdings in Visa were worth $10,703,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in V. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the 4th quarter worth $27,000. POM Investment Strategies LLC raised its stake in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC bought a new position in shares of Visa during the fourth quarter valued at $32,000. Finally, Compass Planning Associates Inc bought a new stake in Visa in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on V shares. Piper Sandler reaffirmed an “overweight” rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Finally, UBS Group increased their target price on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $355.84.

Insider Buying and Selling at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’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 completion of the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock worth $48,560,961 over the last 90 days. 0.13% of the stock is owned by insiders.

Visa Stock Down 2.1 %

V opened at $342.62 on Friday. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. 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 firm has a 50-day simple moving average of $343.60 and a two-hundred day simple moving average of $315.27. The company has a market capitalization of $636.51 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

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, beating 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%. Analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is 23.79%.

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.