Visa Inc. (NYSE:V) Stake Boosted by Marino Stram & Associates LLC

Marino Stram & Associates LLC raised its position in shares of Visa Inc. (NYSE:V) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,609 shares of the credit-card processor’s stock after buying an additional 62 shares during the quarter. Marino Stram & Associates LLC’s holdings in Visa were worth $1,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in V. Park Place Capital Corp lifted its stake in Visa by 3.3% in the 4th quarter. Park Place Capital Corp now owns 9,976 shares of the credit-card processor’s stock worth $3,153,000 after acquiring an additional 321 shares in the last quarter. Magnus Financial Group LLC increased its stake in Visa by 2.4% in the 4th quarter. Magnus Financial Group LLC now owns 15,740 shares of the credit-card processor’s stock valued at $4,975,000 after buying an additional 363 shares during the period. Luts & Greenleigh Group Inc. lifted its position in Visa by 2.5% in the 4th quarter. Luts & Greenleigh Group Inc. now owns 1,700 shares of the credit-card processor’s stock worth $537,000 after buying an additional 42 shares in the last quarter. Phoenix Wealth Advisors boosted its stake in shares of Visa by 3.4% during the 4th quarter. Phoenix Wealth Advisors now owns 964 shares of the credit-card processor’s stock valued at $305,000 after buying an additional 32 shares during the period. Finally, Albion Financial Group UT grew its holdings in shares of Visa by 1.8% during the 4th quarter. Albion Financial Group UT now owns 67,002 shares of the credit-card processor’s stock valued at $21,175,000 after acquiring an additional 1,200 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 0.6 %

NYSE V opened at $330.20 on Friday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $331.09. The company has a market capitalization of $615.11 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.17 and a beta of 0.96. The stock’s 50 day moving average is $314.54 and its two-hundred day moving average is $289.98. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

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

Visa Increases Dividend

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

Analyst Upgrades and Downgrades

V has been the subject of a number of research reports. Macquarie lifted their price objective on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. TD Cowen raised their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Barclays raised their target price on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Piper Sandler upped their price target on Visa from $322.00 to $368.00 and gave the stock an “overweight” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $334.58.

Insider Activity at Visa

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

Visa Company Profile

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.