Ascent Wealth Partners LLC Boosts Stake in Visa Inc. (NYSE:V)

Ascent Wealth Partners LLC increased its position in Visa Inc. (NYSE:VFree Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,526 shares of the credit-card processor’s stock after buying an additional 668 shares during the period. Ascent Wealth Partners LLC’s holdings in Visa were worth $6,646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hibernia Wealth Partners LLC purchased a new stake in Visa during the third quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new stake in Visa during the third quarter valued at approximately $25,000. West Tower Group LLC purchased a new stake in Visa during the second quarter valued at approximately $30,000. Nalls Sherbakoff Group LLC raised its holdings in shares of Visa by 545.5% in 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 period. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Visa in the fourth quarter worth approximately $37,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Visa news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders sold 55,511 shares of company stock worth $15,131,081 in the last 90 days. Insiders own 0.19% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $278.55 on Wednesday. The firm has a market capitalization of $511.56 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The business has a fifty day moving average of $279.62 and a 200 day moving average of $259.44. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96.

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

Visa Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. William Blair reiterated an “outperform” rating on shares of Visa in a report on Friday, January 26th. KeyCorp increased their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Raymond James increased their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Wells Fargo & Company increased their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, UBS Group increased their price objective on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $295.82.

Check Out 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.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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