Jackson Hole Capital Partners LLC Acquires 217 Shares of Visa Inc. (NYSE:V)

Jackson Hole Capital Partners LLC grew its holdings in Visa Inc. (NYSE:V) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,437 shares of the credit-card processor’s stock after purchasing an additional 217 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Visa were worth $2,982,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Horan Securities Inc. boosted its stake in shares of Visa by 3.9% in the 4th quarter. Horan Securities Inc. now owns 1,318 shares of the credit-card processor’s stock valued at $417,000 after purchasing an additional 50 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Visa in the 4th quarter valued at approximately $48,478,000. Coordinated Financial Services Inc. acquired a new stake in shares of Visa in the 4th quarter valued at approximately $1,385,000. Coalescence Partners Investment Management LP raised its position in shares of Visa by 33.6% in the 4th quarter. Coalescence Partners Investment Management LP now owns 88,541 shares of the credit-card processor’s stock valued at $27,982,000 after acquiring an additional 22,290 shares during the period. Finally, Barings LLC raised its position in shares of Visa by 14.8% in the 4th quarter. Barings LLC now owns 1,261 shares of the credit-card processor’s stock valued at $399,000 after acquiring an additional 163 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on V. The Goldman Sachs Group increased their price target on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Barclays increased their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Raymond James reiterated an “outperform” rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Stock Up 0.5 %

Shares of V opened at $345.79 on Friday. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The company has a market cap of $642.41 billion, a P/E ratio of 34.86, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50 day simple moving average of $336.18 and a two-hundred day simple moving average of $308.63.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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

Insider Buying and Selling

In related 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 value of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,505 shares of company stock valued at $22,290,507 over the last 90 days. 0.13% of the stock is owned by insiders.

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.