Strategic Wealth Investment Group LLC Buys 591 Shares of Visa Inc. (NYSE:V)

Strategic Wealth Investment Group LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,838 shares of the credit-card processor’s stock after purchasing an additional 591 shares during the quarter. Visa comprises 1.2% of Strategic Wealth Investment Group LLC’s investment portfolio, making the stock its 23rd biggest holding. Strategic Wealth Investment Group LLC’s holdings in Visa were worth $17,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the fourth quarter worth about $26,000. Peterson Financial Group Inc. acquired a new position in Visa during the 3rd quarter valued at about $26,000. Modus Advisors LLC purchased a new stake in shares of Visa in the fourth quarter worth approximately $32,000. Reston Wealth Management LLC bought a new position in shares of Visa in the third quarter valued at approximately $31,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $44,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa 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. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

V has been the subject of a number of analyst reports. Bank of America increased their price target on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday. Barclays boosted their price target on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Robert W. Baird increased their price objective on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $352.27.

Visa Trading Down 0.3 %

Shares of Visa stock opened at $342.05 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $351.25. The firm has a market cap of $637.19 billion, a PE ratio of 35.15, a PEG ratio of 2.27 and a beta of 0.96. The company has a 50 day simple moving average of $317.74 and a two-hundred day simple moving average of $292.96.

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

Visa Announces Dividend

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

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.