Visa Inc. (NYSE:V) Shares Bought by Family Capital Management Inc.

Family Capital Management Inc. grew its position in shares of Visa Inc. (NYSE:V) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,172 shares of the credit-card processor’s stock after purchasing an additional 216 shares during the period. Family Capital Management Inc.’s holdings in Visa were worth $686,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Figure 8 Investment Strategies LLC acquired a new position in Visa during the fourth quarter worth $2,699,000. Vontobel Holding Ltd. increased its position in shares of Visa by 37.9% during the fourth quarter. Vontobel Holding Ltd. now owns 474,425 shares of the credit-card processor’s stock worth $149,937,000 after acquiring an additional 130,348 shares during the period. Bogart Wealth LLC increased its position in shares of Visa by 2.8% during the fourth quarter. Bogart Wealth LLC now owns 59,450 shares of the credit-card processor’s stock worth $18,788,000 after acquiring an additional 1,599 shares during the period. Catalyst Financial Partners LLC increased its position in shares of Visa by 2.6% during the fourth quarter. Catalyst Financial Partners LLC now owns 8,703 shares of the credit-card processor’s stock worth $2,750,000 after acquiring an additional 217 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of Visa by 6.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 793,268 shares of the credit-card processor’s stock worth $252,783,000 after acquiring an additional 46,774 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

Shares of V opened at $353.73 on Friday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $356.08. The company has a market capitalization of $657.15 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The firm has a 50-day simple moving average of $325.14 and a 200-day simple moving average of $298.94. 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 (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. On average, equities research analysts anticipate that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa’s dividend payout ratio (DPR) is 23.79%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. 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. Raymond James reaffirmed an “outperform” rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price objective on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Bank of America increased their target price on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Four equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated 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 in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated 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. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 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.

About Visa

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.