Principle Wealth Partners LLC Has $12.21 Million Stock Holdings in Visa Inc. (NYSE:V)

Principle Wealth Partners LLC trimmed its holdings in Visa Inc. (NYSE:V) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,618 shares of the credit-card processor’s stock after selling 272 shares during the period. Visa accounts for approximately 0.9% of Principle Wealth Partners LLC’s holdings, making the stock its 29th largest position. Principle Wealth Partners LLC’s holdings in Visa were worth $12,205,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of V. Riverstone Advisors LLC bought a new position in shares of Visa in the 4th quarter valued at approximately $217,000. Custom Index Systems LLC acquired a new position in Visa during the third quarter valued at approximately $731,000. Journey Strategic Wealth LLC raised its position in shares of Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after purchasing an additional 1,361 shares during the period. Copley Financial Group Inc. acquired a new stake in shares of Visa in the third quarter worth $616,000. Finally, Calamos Wealth Management LLC boosted its holdings in shares of Visa by 0.6% during the 4th quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock worth $24,475,000 after buying an additional 435 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on V shares. Piper Sandler reissued an “overweight” rating and set a $383.00 target price (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Mizuho boosted 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. Keefe, Bruyette & Woods raised their target price on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Susquehanna upped their price target on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Finally, Oppenheimer increased their price objective on Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company’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 transaction of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

NYSE:V opened at $351.43 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market cap of $652.88 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $352.12. The company’s 50-day moving average price is $322.53 and its two-hundred day moving average price is $297.52.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping 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%. On average, equities analysts anticipate that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders 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 dividend yield of 0.67%. 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.