Wealth Dimensions Group Ltd. Has $563,000 Stock Position in Visa Inc. (NYSE:V)

Wealth Dimensions Group Ltd. lifted its position in Visa Inc. (NYSE:V) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,782 shares of the credit-card processor’s stock after buying an additional 188 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in Visa were worth $563,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its position in Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after purchasing an additional 610 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock worth $1,576,366,000 after buying an additional 411,210 shares during the period. Morse Asset Management Inc acquired a new position in Visa in the 3rd quarter valued at about $69,000. Passumpsic Savings Bank lifted its position in Visa by 2.0% during the third quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor’s stock worth $2,512,000 after acquiring an additional 179 shares during the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of Visa by 101.5% during the third quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor’s stock worth $12,368,000 after acquiring an additional 22,658 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $2,930,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at $8,991,249.33. This represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,205 shares of company stock worth $48,842,490. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their target price on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Bank of America lifted their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Barclays increased their target price on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Evercore ISI initiated coverage on Visa in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price target for the company. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $355.84.

Visa Stock Down 0.6 %

Shares of V opened at $329.26 on Monday. The stock has a market capitalization of $611.69 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. 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 stock has a fifty day moving average of $340.68 and a 200-day moving average of $321.05.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

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.