IRON Financial LLC Makes New Investment in Visa Inc. (NYSE:V)

IRON Financial LLC bought a new position in shares of Visa Inc. (NYSE:VFree Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 769 shares of the credit-card processor’s stock, valued at approximately $200,000.

Several other hedge funds also recently made changes to their positions in the business. Hibernia Wealth Partners LLC bought a new position in Visa in the third quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in Visa in the third quarter valued at approximately $25,000. West Tower Group LLC bought a new stake in shares of Visa during the second quarter worth $30,000. Nalls Sherbakoff Group LLC grew its stake in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares during the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Visa during the fourth quarter worth $37,000. 82.15% of the stock is owned by institutional investors.

Visa Stock Up 0.0 %

V opened at $279.08 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market cap of $512.53 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 1.93 and a beta of 0.96. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company’s 50-day moving average price is $279.49 and its two-hundred day moving average price is $259.10.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. Visa’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.18 EPS. As a group, equities analysts expect that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is currently 23.94%.

Insider Activity at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,311 shares of company stock worth $12,832,129. 0.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Raymond James boosted their target price on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Citigroup boosted their target price on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Susquehanna boosted their target price on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Finally, Jefferies Financial Group boosted their target price on shares of Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $295.82.

Get Our Latest Research Report on Visa

Visa Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Visa (NYSE:V)

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