Visa Inc. (NYSE:V) Shares Acquired by Howard Wealth Management LLC

Howard Wealth Management LLC grew its holdings in Visa Inc. (NYSE:V) by 78.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,952 shares of the credit-card processor’s stock after purchasing an additional 2,608 shares during the quarter. Visa comprises approximately 1.0% of Howard Wealth Management LLC’s portfolio, making the stock its 28th largest holding. Howard Wealth Management LLC’s holdings in Visa were worth $1,881,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in V. Scarborough Advisors LLC grew its holdings in shares of Visa by 15.4% in the fourth quarter. Scarborough Advisors LLC now owns 1,182 shares of the credit-card processor’s stock valued at $373,000 after purchasing an additional 158 shares during the period. BXM Wealth LLC purchased a new stake in shares of Visa in the 4th quarter valued at approximately $254,000. Spinnaker Trust grew its stake in shares of Visa by 4.7% in the 4th quarter. Spinnaker Trust now owns 30,895 shares of the credit-card processor’s stock valued at $9,764,000 after buying an additional 1,374 shares during the period. Rhumbline Advisers increased its holdings in shares of Visa by 0.8% during the 4th quarter. Rhumbline Advisers now owns 3,308,967 shares of the credit-card processor’s stock worth $1,045,766,000 after buying an additional 25,348 shares during the last quarter. Finally, Center for Financial Planning Inc. raised its position in shares of Visa by 34.5% during the 4th quarter. Center for Financial Planning Inc. now owns 2,033 shares of the credit-card processor’s stock valued at $643,000 after buying an additional 521 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock worth $19,830,050 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on V. Mizuho raised their target price on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Piper Sandler restated an “overweight” rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a report on Friday, January 31st. Royal Bank of Canada upped their target price on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. TD Cowen lifted their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Barclays upped their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Stock Down 0.5 %

V stock opened at $353.73 on Tuesday. The stock has a market capitalization of $657.15 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The company has a fifty day moving average of $325.14 and a 200-day moving average of $299.42. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $356.08.

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 analysts’ consensus estimates 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, analysts expect that Visa Inc. will post 11.27 EPS for the current year.

Visa Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend 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 is presently 23.79%.

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.