Bradley & Co. Private Wealth Management LLC Takes Position in Visa Inc. (NYSE:V)

Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 84 shares of the credit-card processor’s stock, valued at approximately $27,000.

A number of other institutional investors also recently bought and sold shares of the company. Swedbank AB lifted its stake in shares of Visa by 10.7% in the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after purchasing an additional 199,440 shares during the last quarter. Howard Capital Management Group LLC increased its position in shares of Visa by 0.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after purchasing an additional 610 shares during the last quarter. Pettinga Financial Advisors LLC purchased a new stake in Visa in the 3rd quarter valued at about $228,000. Farmers & Merchants Investments Inc. lifted its position in Visa by 3.2% in the third quarter. Farmers & Merchants Investments Inc. now owns 72,449 shares of the credit-card processor’s stock valued at $19,920,000 after buying an additional 2,250 shares during the last quarter. Finally, Hedeker Wealth LLC boosted its stake in Visa by 0.8% during the third quarter. Hedeker Wealth LLC now owns 24,224 shares of the credit-card processor’s stock worth $6,660,000 after buying an additional 202 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 1.4 %

V opened at $355.56 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $360.31. The company has a market cap of $660.55 billion, a P/E ratio of 35.84, a PEG ratio of 2.33 and a beta of 0.97. The business’s 50-day simple moving average is $332.12 and its 200-day simple moving average is $304.62.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa’s dividend payout ratio is currently 23.79%.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa 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 directly owns 11,925 shares of the company’s stock, valued at $4,054,500. The trade was a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,885 shares of company stock valued at $19,161,447 over the last ninety days. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. UBS Group boosted their price objective on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Oppenheimer restated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

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.