MOKAN Wealth Management Inc. Invests $1.24 Million in Visa Inc. (NYSE:V)

MOKAN Wealth Management Inc. purchased a new position in Visa Inc. (NYSE:V) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,914 shares of the credit-card processor’s stock, valued at approximately $1,236,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Swedbank AB raised its stake in shares of Visa by 10.7% during the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock worth $566,153,000 after purchasing an additional 199,440 shares during the period. Howard Capital Management Group LLC boosted its holdings in Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after buying an additional 610 shares during the period. Trilogy Capital Inc. grew its position in shares of Visa by 1.3% in the third quarter. Trilogy Capital Inc. now owns 3,213 shares of the credit-card processor’s stock valued at $883,000 after purchasing an additional 40 shares in the last quarter. Castleview Partners LLC grew its holdings in Visa by 4.0% during the 3rd quarter. Castleview Partners LLC now owns 6,442 shares of the credit-card processor’s stock valued at $1,771,000 after buying an additional 246 shares in the last quarter. Finally, Marino Stram & Associates LLC boosted its holdings in Visa by 3.8% in the 3rd quarter. Marino Stram & Associates LLC now owns 3,547 shares of the credit-card processor’s stock valued at $975,000 after purchasing an additional 131 shares during the period. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on V. JPMorgan Chase & Co. upped their price objective on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Citigroup raised their target price on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Royal Bank of Canada boosted their price objective on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their target price on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets lifted their price target on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Trading Up 0.6 %

NYSE V opened at $356.04 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $356.74. The firm has a market cap of $661.45 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 2.32 and a beta of 0.97. The firm has a 50 day simple moving average of $326.05 and a 200-day simple moving average of $300.04.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 anticipate that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. Visa’s dividend payout ratio (DPR) is 23.79%.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the 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 in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,056 shares of company stock worth $19,830,050 over the last ninety days. 0.13% of the stock is currently owned by company insiders.

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.