Visa Inc. (NYSE:V) Shares Acquired by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. lifted its holdings in Visa Inc. (NYSE:VFree Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,705 shares of the credit-card processor’s stock after purchasing an additional 343 shares during the period. Brown Lisle Cummings Inc.’s holdings in Visa were worth $2,751,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in V. Brookstone Capital Management increased its stake in shares of Visa by 9.0% during the third quarter. Brookstone Capital Management now owns 38,106 shares of the credit-card processor’s stock worth $10,477,000 after buying an additional 3,162 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Visa by 4.4% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,238 shares of the credit-card processor’s stock valued at $340,000 after purchasing an additional 52 shares during the last quarter. West Financial Advisors LLC lifted its position in shares of Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 73 shares during the last quarter. Code Waechter LLC acquired a new position in shares of Visa during the third quarter worth $235,000. Finally, Marcum Wealth LLC increased its holdings in Visa by 3.5% in the third quarter. Marcum Wealth LLC now owns 10,458 shares of the credit-card processor’s stock valued at $2,875,000 after buying an additional 356 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the 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 approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,983 shares of company stock worth $7,213,146 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on V shares. Robert W. Baird upped their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. UBS Group upped their target price on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group lifted their price target on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley upped their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus target price of $354.73.

View Our Latest Stock Report on Visa

Visa Price Performance

Shares of V opened at $347.28 on Friday. The firm has a market capitalization of $646.94 billion, a PE ratio of 35.01, a P/E/G ratio of 2.30 and a beta of 0.97. The stock’s 50 day moving average is $319.76 and its two-hundred day moving average is $294.76. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $351.25. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. Research analysts anticipate that Visa Inc. will post 11.2 earnings per share 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 is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio is presently 23.79%.

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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