Visa Inc. (NYSE:V) Shares Bought by Darden Wealth Group Inc

Darden Wealth Group Inc lifted its position in shares of Visa Inc. (NYSE:V) by 4.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,441 shares of the credit-card processor’s stock after buying an additional 55 shares during the quarter. Darden Wealth Group Inc’s holdings in Visa were worth $455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in V. Howard Capital Management Group LLC grew its holdings in Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after buying an additional 610 shares during the period. Principal Financial Group Inc. raised its stake in Visa by 7.7% during the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock worth $1,576,366,000 after purchasing an additional 411,210 shares during the period. Morse Asset Management Inc acquired a new position in shares of Visa in the 3rd quarter valued at $69,000. EP Wealth Advisors LLC grew its position in Visa by 7.6% during the third quarter. EP Wealth Advisors LLC now owns 246,217 shares of the credit-card processor’s stock valued at $67,698,000 after acquiring an additional 17,347 shares during the period. Finally, iA Global Asset Management Inc. grew its holdings in shares of Visa by 3.4% during the 3rd quarter. iA Global Asset Management Inc. now owns 526,069 shares of the credit-card processor’s stock worth $144,643,000 after purchasing an additional 17,493 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Down 7.6 %

Visa stock opened at $313.46 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The firm’s 50 day moving average price is $345.02 and its two-hundred day moving average price is $317.07. The firm has a market cap of $582.34 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 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 (EPS) 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%. On average, research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is presently 23.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley raised their target price 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. Oppenheimer restated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research note on Friday, March 28th. UBS Group raised their target price on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $355.84.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock valued at $48,842,490 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

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.