Retireful LLC Purchases New Stake in Visa Inc. (NYSE:V)

Retireful LLC bought a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,389 shares of the credit-card processor’s stock, valued at approximately $2,335,000. Visa makes up about 1.3% of Retireful LLC’s portfolio, making the stock its 22nd largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of V. Intech Investment Management LLC increased its stake in Visa by 4.4% in the 2nd quarter. Intech Investment Management LLC now owns 77,764 shares of the credit-card processor’s stock valued at $20,411,000 after buying an additional 3,306 shares during the last quarter. Brighton Jones LLC increased its position in shares of Visa by 7.3% during the second quarter. Brighton Jones LLC now owns 14,857 shares of the credit-card processor’s stock valued at $3,900,000 after acquiring an additional 1,007 shares during the last quarter. Ieq Capital LLC lifted its holdings in Visa by 4.7% during the second quarter. Ieq Capital LLC now owns 155,918 shares of the credit-card processor’s stock worth $40,924,000 after acquiring an additional 7,015 shares during the period. Trust Investment Advisors boosted its position in Visa by 2.8% in the second quarter. Trust Investment Advisors now owns 4,958 shares of the credit-card processor’s stock worth $1,301,000 after purchasing an additional 136 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Visa by 5.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 59,630 shares of the credit-card processor’s stock worth $15,651,000 after purchasing an additional 3,249 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Up 0.9 %

V opened at $319.97 on Friday. The business’s fifty day simple moving average is $313.16 and its 200 day simple moving average is $288.06. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $321.61. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a market cap of $596.06 billion, a PE ratio of 32.88, a P/E/G ratio of 2.06 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $2.33 EPS. As a group, research analysts expect that Visa Inc. will post 11.22 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s payout ratio is presently 24.25%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 value of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on V. Citigroup raised their price objective on shares of Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a report on Tuesday. TD Cowen lifted their target price on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Susquehanna upped their price target on shares of Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods raised their price objective on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $331.92.

Visa Company 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.