Visa Inc. (NYSE:V) Stake Increased by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC raised its stake in shares of Visa Inc. (NYSE:V) by 1.0% during the fourth quarter, HoldingsChannel reports. The fund owned 10,688 shares of the credit-card processor’s stock after acquiring an additional 111 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Visa were worth $3,378,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of Visa by 5.5% during the 2nd quarter. Pacer Advisors Inc. now owns 148,785 shares of the credit-card processor’s stock valued at $39,052,000 after acquiring an additional 7,807 shares in the last quarter. Merriman Wealth Management LLC raised its holdings in shares of Visa by 3.6% during the second quarter. Merriman Wealth Management LLC now owns 1,524 shares of the credit-card processor’s stock worth $400,000 after purchasing an additional 53 shares during the period. Kowal Investment Group LLC lifted its position in shares of Visa by 2.0% in the 2nd quarter. Kowal Investment Group LLC now owns 5,431 shares of the credit-card processor’s stock worth $1,426,000 after buying an additional 109 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Visa by 4.9% in the 2nd quarter. ProShare Advisors LLC now owns 468,804 shares of the credit-card processor’s stock valued at $123,047,000 after buying an additional 22,009 shares during the period. Finally, Frank Rimerman Advisors LLC grew its position in shares of Visa by 21,918.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 28,183 shares of the credit-card processor’s stock valued at $7,397,000 after buying an additional 28,055 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on V. Piper Sandler raised their target price on shares of Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Susquehanna upped their price objective on Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a research note on Wednesday, December 11th. Wells Fargo & Company raised their target price on Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. 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 MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.92.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were 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 SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on 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 $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Stock Up 0.9 %

V stock opened at $319.97 on Monday. The stock has a market capitalization of $596.06 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The company has a 50-day moving average of $313.41 and a two-hundred day moving average of $288.59. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $321.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

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

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a dividend of $0.59 per share. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.74%. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio is presently 24.25%.

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.