Visa Inc. (NYSE:V) Shares Purchased by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC boosted its stake in Visa Inc. (NYSE:V) by 3.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,304 shares of the credit-card processor’s stock after buying an additional 729 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Visa were worth $6,417,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Solano Wealth Investment Advisors LLC purchased a new stake in shares of Visa in the fourth quarter valued at $412,000. Texas Capital Bank Wealth Management Services Inc raised its stake in Visa by 5.8% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 4,177 shares of the credit-card processor’s stock valued at $1,320,000 after purchasing an additional 230 shares during the last quarter. Zuckerman Investment Group LLC lifted its holdings in Visa by 5.3% in the 4th quarter. Zuckerman Investment Group LLC now owns 7,749 shares of the credit-card processor’s stock valued at $2,680,000 after purchasing an additional 393 shares in the last quarter. Blue Edge Capital LLC boosted its stake in shares of Visa by 1.6% during the 4th quarter. Blue Edge Capital LLC now owns 19,238 shares of the credit-card processor’s stock worth $6,080,000 after purchasing an additional 305 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Visa by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 718,317 shares of the credit-card processor’s stock worth $227,017,000 after buying an additional 4,027 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $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 143,205 shares of company stock valued at $48,842,490 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Susquehanna reissued a “positive” rating on shares of Visa in a research note on Friday, March 21st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Morgan Stanley increased their target price on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, UBS Group lifted their price target on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $355.84.

Visa Price Performance

V opened at $324.57 on Friday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The firm has a market cap of $602.97 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.33 and a beta of 0.94. 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 fifty day simple moving average of $342.63 and a 200 day simple moving average of $318.32.

Visa (NYSE:V) last announced its earnings results 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 expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.73%. Visa’s dividend payout ratio is presently 23.79%.

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.