StoneCrest Wealth Management Inc. Acquires New Position in Visa Inc. (NYSE:V)

StoneCrest Wealth Management Inc. bought a new position in Visa Inc. (NYSE:VFree Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,878 shares of the credit-card processor’s stock, valued at approximately $489,000.

Other hedge funds also recently bought and sold shares of the company. Investment Advisory Services Inc. TX ADV raised its holdings in Visa by 2.0% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after purchasing an additional 78 shares during the period. Camarda Financial Advisors LLC increased its position in shares of Visa by 3.0% during the second quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock worth $1,484,000 after acquiring an additional 182 shares in the last quarter. Wayfinding Financial LLC increased its position in shares of Visa by 10.1% during the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after acquiring an additional 161 shares in the last quarter. Richelieu Gestion SA bought a new stake in shares of Visa during the fourth quarter worth $307,000. Finally, Orion Portfolio Solutions LLC increased its position in shares of Visa by 5,907.4% during the second quarter. Orion Portfolio Solutions LLC now owns 221,012 shares of the credit-card processor’s stock worth $52,486,000 after acquiring an additional 217,333 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, 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 stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, 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. In the last 90 days, insiders sold 55,511 shares of company stock worth $15,131,081. 0.19% of the stock is owned by insiders.

Visa Stock Performance

Shares of V opened at $278.55 on Wednesday. The firm has a 50-day moving average of $279.62 and a 200-day moving average of $259.44. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a market cap of $511.56 billion, a PE 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.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.18 EPS. As a group, equities analysts forecast that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders 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 was Thursday, February 8th. Visa’s dividend payout ratio is presently 23.94%.

Wall Street Analysts Forecast Growth

V has been the subject of several research reports. Wedbush increased their price objective on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. BMO Capital Markets initiated coverage on shares of Visa in a research report on Tuesday, December 5th. They set an “outperform” rating and a $280.00 price objective for the company. Monness Crespi & Hardt initiated coverage on shares of Visa in a research report on Wednesday, December 20th. They set a “neutral” rating for the company. Royal Bank of Canada increased their price objective on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Raymond James raised their target price on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $295.82.

Get Our Latest Research Report on V

About Visa

(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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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