Greenwich Wealth Management LLC Boosts Holdings in Visa Inc. (NYSE:V)

Greenwich Wealth Management LLC raised its stake in Visa Inc. (NYSE:V) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,296 shares of the credit-card processor’s stock after acquiring an additional 34 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Visa were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ninepoint Partners LP grew its stake in shares of Visa by 20.1% during the 4th quarter. Ninepoint Partners LP now owns 3,109 shares of the credit-card processor’s stock worth $983,000 after acquiring an additional 520 shares during the period. Ascent Capital Management LLC purchased a new stake in Visa during the fourth quarter valued at about $369,000. Pollock Investment Advisors LLC bought a new position in Visa during the fourth quarter worth about $1,260,000. Hutchinson Capital Management CA increased its stake in shares of Visa by 2.0% in the fourth quarter. Hutchinson Capital Management CA now owns 3,446 shares of the credit-card processor’s stock worth $1,089,000 after purchasing an additional 67 shares in the last quarter. Finally, Tidemark LLC raised its position in shares of Visa by 168.4% in the fourth quarter. Tidemark LLC now owns 561 shares of the credit-card processor’s stock valued at $177,000 after purchasing an additional 352 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction 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. Over the last ninety days, insiders sold 103,855 shares of company stock valued at $35,165,827. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Raymond James reiterated an “outperform” rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Barclays upped their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Oppenheimer restated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Visa Trading Up 1.0 %

NYSE V opened at $331.72 on Monday. The firm has a market cap of $616.26 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The stock has a 50-day moving average of $337.96 and a 200-day moving average of $311.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its quarterly earnings data 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%. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.