Visa Inc. (NYSE:V) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its holdings in Visa Inc. (NYSE:V) by 30.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 400,306 shares of the credit-card processor’s stock after acquiring an additional 92,261 shares during the quarter. Jones Financial Companies Lllp’s holdings in Visa were worth $126,513,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Riverstone Advisors LLC acquired a new stake in shares of Visa in the 4th quarter worth approximately $217,000. Journey Strategic Wealth LLC increased its stake in shares of Visa by 16.4% during 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 acquiring an additional 1,361 shares during the period. Copley Financial Group Inc. bought a new stake in Visa during the third quarter worth approximately $616,000. Calamos Wealth Management LLC lifted its position in Visa by 0.6% in the fourth quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock worth $24,475,000 after purchasing an additional 435 shares during the period. Finally, Oak Ridge Investments LLC boosted its stake in Visa by 5.9% during the 4th quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after purchasing an additional 4,198 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value 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 $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The sale 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 company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,885 shares of company stock worth $19,161,447. Insiders own 0.13% of the company’s stock.

Visa Trading Down 0.3 %

Shares of NYSE:V opened at $361.60 on Tuesday. The firm has a fifty day moving average of $333.92 and a two-hundred day moving average of $306.64. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The firm has a market capitalization of $671.77 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) 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%. On average, equities analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared 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 was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. Visa’s payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on V. JPMorgan Chase & Co. boosted their price objective on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. The Goldman Sachs Group raised their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Susquehanna lifted their price target on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research report on Friday, February 21st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Visa currently has an average 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.