Visa Inc. (NYSE:V) Shares Bought by DRW Securities LLC

DRW Securities LLC raised its stake in Visa Inc. (NYSE:V) by 142.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,172 shares of the credit-card processor’s stock after acquiring an additional 13,029 shares during the period. DRW Securities LLC’s holdings in Visa were worth $7,007,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of V. Decker Retirement Planning Inc. purchased a new stake in shares of Visa in the fourth quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa during the fourth quarter worth approximately $27,000. POM Investment Strategies LLC increased its stake in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the period. Modus Advisors LLC purchased a new stake in Visa in the 4th quarter worth approximately $32,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Visa during the 4th quarter valued at $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a report on Thursday, February 13th. UBS Group increased their target price on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays boosted their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.84.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction that occurred on Friday, February 7th. The stock was 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 $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock worth $48,842,490 in the last 90 days. Insiders own 0.13% of the company’s stock.

Visa Stock Down 1.4 %

Shares of Visa stock opened at $307.92 on Wednesday. The stock has a market capitalization of $572.04 billion, a price-to-earnings ratio of 31.04, a P/E/G 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. The company’s 50 day moving average price is $343.47 and its 200-day moving average price is $317.55. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54.

Visa (NYSE:V) last released its quarterly earnings data 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 return on equity of 54.79% and a net margin of 54.27%. Equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.