Donald L. Hagan LLC Buys 267 Shares of Visa Inc. (NYSE:V)

Donald L. Hagan LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 19.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,633 shares of the credit-card processor’s stock after purchasing an additional 267 shares during the quarter. Donald L. Hagan LLC’s holdings in Visa were worth $516,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cibc World Market Inc. lifted its position in shares of Visa by 1.4% during the 4th quarter. Cibc World Market Inc. now owns 903,213 shares of the credit-card processor’s stock worth $285,452,000 after purchasing an additional 12,425 shares during the last quarter. Clarity Financial LLC increased its position in Visa by 0.8% in the 4th quarter. Clarity Financial LLC now owns 22,187 shares of the credit-card processor’s stock worth $7,012,000 after buying an additional 172 shares during the period. Strategic Wealth Investment Group LLC lifted its holdings in shares of Visa by 1.1% during the fourth quarter. Strategic Wealth Investment Group LLC now owns 56,838 shares of the credit-card processor’s stock worth $17,963,000 after buying an additional 591 shares during the last quarter. Mediolanum International Funds Ltd boosted its position in shares of Visa by 96.8% in the fourth quarter. Mediolanum International Funds Ltd now owns 332,075 shares of the credit-card processor’s stock valued at $104,449,000 after acquiring an additional 163,360 shares during the period. Finally, Penney Financial LLC bought a new position in Visa during the fourth quarter worth $204,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

V stock opened at $342.05 on Friday. The company has a 50 day moving average price of $317.74 and a 200 day moving average price of $292.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $351.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $637.19 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. Analysts forecast that Visa Inc. will post 11.18 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. Visa’s payout ratio is presently 24.25%.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was 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. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on V. UBS Group increased their price target on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday. William Blair restated an “outperform” rating on shares of Visa in a research note on Friday. Mizuho raised their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. The Goldman Sachs Group boosted their price objective on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday. Finally, Oppenheimer raised their target price on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $352.27.

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.