Financial Symmetry Inc Makes New $230,000 Investment in Visa Inc. (NYSE:V)

Financial Symmetry Inc purchased a new position in Visa Inc. (NYSE:V) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 727 shares of the credit-card processor’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Lake Street Advisors Group LLC grew its position in Visa by 1.8% in the 4th quarter. Lake Street Advisors Group LLC now owns 19,422 shares of the credit-card processor’s stock worth $6,138,000 after purchasing an additional 337 shares during the last quarter. JFG Wealth Management LLC grew its position in Visa by 6.5% in the 4th quarter. JFG Wealth Management LLC now owns 1,451 shares of the credit-card processor’s stock worth $459,000 after purchasing an additional 88 shares during the last quarter. Provident Wealth Management LLC acquired a new stake in Visa in the 4th quarter worth $200,000. Kirtland Hills Capital Management LLC lifted its holdings in shares of Visa by 2.3% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 13,255 shares of the credit-card processor’s stock worth $4,189,000 after acquiring an additional 297 shares during the period. Finally, Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa during the 4th quarter worth about $27,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 1.4 %

Shares of NYSE V opened at $355.56 on Friday. The stock has a market cap of $660.55 billion, a P/E ratio of 35.84, a P/E/G ratio of 2.33 and a beta of 0.97. The firm has a 50 day moving average price of $332.12 and a 200 day moving average price of $304.62. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $360.31.

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

Visa Announces Dividend

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

Wall Street Analyst Weigh In

V has been the subject of a number of analyst reports. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a report on Friday, January 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Mizuho lifted their price target on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction on 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 sale, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction on Friday, February 7th. The stock was 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 in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,885 shares of company stock valued at $19,161,447 over the last 90 days. 0.13% of the stock is owned by corporate 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.