Visa Inc. (NYSE:V) Shares Purchased by Kelleher Financial Advisors

Kelleher Financial Advisors boosted its holdings in shares of Visa Inc. (NYSE:V) by 57.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,057 shares of the credit-card processor’s stock after purchasing an additional 748 shares during the period. Kelleher Financial Advisors’ holdings in Visa were worth $650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Marino Stram & Associates LLC lifted its holdings in Visa by 1.7% in the fourth quarter. Marino Stram & Associates LLC now owns 3,609 shares of the credit-card processor’s stock valued at $1,141,000 after acquiring an additional 62 shares during the period. Park Place Capital Corp lifted its stake in shares of Visa by 3.3% in the 4th quarter. Park Place Capital Corp now owns 9,976 shares of the credit-card processor’s stock valued at $3,153,000 after purchasing an additional 321 shares during the period. Magnus Financial Group LLC boosted its holdings in Visa by 2.4% during the fourth quarter. Magnus Financial Group LLC now owns 15,740 shares of the credit-card processor’s stock worth $4,975,000 after buying an additional 363 shares in the last quarter. Luts & Greenleigh Group Inc. increased its holdings in Visa by 2.5% in the fourth quarter. Luts & Greenleigh Group Inc. now owns 1,700 shares of the credit-card processor’s stock valued at $537,000 after buying an additional 42 shares in the last quarter. Finally, Phoenix Wealth Advisors raised its position in shares of Visa by 3.4% in the fourth quarter. Phoenix Wealth Advisors now owns 964 shares of the credit-card processor’s stock worth $305,000 after acquiring an additional 32 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

V has been the topic of a number of analyst reports. Morgan Stanley raised their target price on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods boosted their price objective on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Piper Sandler increased their target price on Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research report on Friday. Barclays boosted their price target on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $334.58.

Visa Stock Up 0.6 %

V stock opened at $330.20 on Friday. Visa Inc. has a one year low of $252.70 and a one year high of $331.09. The firm has a market cap of $615.11 billion, a PE ratio of 33.94, a PEG ratio of 2.17 and a beta of 0.96. The firm’s 50 day moving average price is $314.54 and its 200-day moving average price is $289.98. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the business earned $2.33 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts anticipate that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a $0.59 dividend. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s payout ratio is currently 24.25%.

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.