Visa Inc. (NYSE:V) Shares Bought by Paladin Wealth LLC

Paladin Wealth LLC raised its stake in shares of Visa Inc. (NYSE:V) by 39.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,851 shares of the credit-card processor’s stock after acquiring an additional 1,099 shares during the period. Visa makes up 1.1% of Paladin Wealth LLC’s holdings, making the stock its 26th biggest holding. Paladin Wealth LLC’s holdings in Visa were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in V. Riverstone Advisors LLC purchased a new stake in Visa in the fourth quarter valued at approximately $217,000. Custom Index Systems LLC acquired a new stake in shares of Visa in the third quarter valued at $731,000. Journey Strategic Wealth LLC raised its holdings in shares of Visa by 16.4% in the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after buying an additional 1,361 shares during the period. Copley Financial Group Inc. acquired a new position in Visa during the 3rd quarter worth about $616,000. Finally, Calamos Wealth Management LLC boosted its holdings in Visa by 0.6% during the 4th quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock valued at $24,475,000 after acquiring an additional 435 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, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,056 shares of company stock valued at $19,830,050. Insiders own 0.13% of the company’s stock.

Visa Stock Up 0.2 %

Shares of NYSE V opened at $351.43 on Thursday. The stock has a market cap of $652.88 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $352.12. The business has a 50-day moving average price of $322.53 and a 200 day moving average price of $297.52.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities research analysts forecast that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Analyst Upgrades and Downgrades

V has been the topic of a number of recent research reports. Citigroup boosted their price target on shares of Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Oppenheimer boosted their price target on shares of Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Barclays upped their price objective on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $354.73.

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.