Boyd Watterson Asset Management LLC OH Increases Position in Visa Inc. (NYSE:V)

Boyd Watterson Asset Management LLC OH increased its stake in shares of Visa Inc. (NYSE:V) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,750 shares of the credit-card processor’s stock after buying an additional 1,092 shares during the quarter. Visa comprises approximately 1.3% of Boyd Watterson Asset Management LLC OH’s investment portfolio, making the stock its 18th biggest holding. Boyd Watterson Asset Management LLC OH’s holdings in Visa were worth $4,661,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Leuthold Group LLC grew its holdings in shares of Visa by 4.0% during the fourth quarter. Leuthold Group LLC now owns 23,568 shares of the credit-card processor’s stock valued at $7,448,000 after buying an additional 900 shares during the last quarter. Blackston Financial Advisory Group LLC grew its holdings in shares of Visa by 7.9% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,238 shares of the credit-card processor’s stock valued at $708,000 after buying an additional 164 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in shares of Visa by 1.5% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 61,609 shares of the credit-card processor’s stock valued at $19,471,000 after buying an additional 938 shares during the last quarter. Compass Planning Associates Inc acquired a new position in Visa during the fourth quarter valued at $32,000. Finally, Paradigm Asset Management Co. LLC lifted its position in Visa by 142.9% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 2,040 shares of the credit-card processor’s stock valued at $645,000 after purchasing an additional 1,200 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,885 shares of company stock valued at $19,161,447. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Down 0.6 %

Shares of NYSE V opened at $348.27 on Monday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $357.15. The stock has a market cap of $647.01 billion, a PE ratio of 35.11, a P/E/G ratio of 2.33 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $329.14 and a 200 day moving average of $302.66.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio is presently 23.79%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on V shares. Bank of America boosted their target price on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. TD Cowen boosted their target price on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their target price on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada boosted their target price 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. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Visa 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.