Element Wealth LLC Grows Position in Visa Inc. (NYSE:V)

Element Wealth LLC boosted its position in Visa Inc. (NYSE:VFree Report) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,673 shares of the credit-card processor’s stock after acquiring an additional 72 shares during the quarter. Element Wealth LLC’s holdings in Visa were worth $385,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Investment Advisory Services Inc. TX ADV grew its position in shares of Visa by 2.0% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after acquiring an additional 78 shares during the last quarter. Camarda Financial Advisors LLC grew its position in shares of Visa by 3.0% during the second quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock worth $1,484,000 after acquiring an additional 182 shares during the last quarter. Cibc World Market Inc. grew its position in shares of Visa by 1.8% during the second quarter. Cibc World Market Inc. now owns 783,402 shares of the credit-card processor’s stock worth $186,042,000 after acquiring an additional 14,022 shares during the last quarter. Paulson Wealth Management Inc. grew its position in shares of Visa by 43.0% during the second quarter. Paulson Wealth Management Inc. now owns 3,398 shares of the credit-card processor’s stock worth $807,000 after acquiring an additional 1,022 shares during the last quarter. Finally, Wayfinding Financial LLC grew its position in Visa by 10.1% in the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 81.35% of the company’s stock.

Visa Trading Down 0.2 %

Shares of NYSE V traded down $0.68 during mid-day trading on Tuesday, hitting $274.90. 1,415,051 shares of the company traded hands, compared to its average volume of 5,540,354. Visa Inc. has a 1 year low of $208.76 and a 1 year high of $279.99. The stock has a market capitalization of $504.86 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.91 and a beta of 0.97. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $262.82 and a two-hundred day moving average of $248.35.

Visa (NYSE:VGet Free Report) last issued its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same period in the prior year, the firm posted $2.18 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 8th. Visa’s payout ratio is currently 23.94%.

Analyst Ratings Changes

A number of equities research analysts have commented on V shares. Royal Bank of Canada raised their target price on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Monness Crespi & Hardt initiated coverage on Visa in a research note on Wednesday, December 20th. They set a “neutral” rating for the company. Raymond James lifted their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. BMO Capital Markets began coverage on shares of Visa in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 target price for the company. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $290.55.

View Our Latest Stock Analysis on V

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $255.79, for a total transaction of $2,084,688.50. Following the transaction, the chief executive officer now owns 29,152 shares of the company’s stock, valued at approximately $7,456,790.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $255.79, for a total value of $2,084,688.50. Following the sale, the chief executive officer now owns 29,152 shares of the company’s stock, valued at approximately $7,456,790.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,857 shares of company stock valued at $24,966,149. Insiders own 0.19% of the company’s stock.

Visa Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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