BIP Wealth LLC Purchases 519 Shares of Visa Inc. (NYSE:V)

BIP Wealth LLC boosted its stake in Visa Inc. (NYSE:VFree Report) by 43.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,713 shares of the credit-card processor’s stock after purchasing an additional 519 shares during the quarter. BIP Wealth LLC’s holdings in Visa were worth $394,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. HWG Holdings LP grew its holdings in shares of Visa by 18.4% in the second quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock valued at $64,000 after purchasing an additional 42 shares in the last quarter. Gateway Advisory LLC grew its holdings in shares of Visa by 3.7% in the second quarter. Gateway Advisory LLC now owns 1,191 shares of the credit-card processor’s stock valued at $283,000 after purchasing an additional 43 shares in the last quarter. Powers Advisory Group LLC grew its holdings in shares of Visa by 4.1% in the third quarter. Powers Advisory Group LLC now owns 1,101 shares of the credit-card processor’s stock valued at $253,000 after purchasing an additional 43 shares in the last quarter. Marco Investment Management LLC grew its holdings in shares of Visa by 3.9% in the third quarter. Marco Investment Management LLC now owns 1,141 shares of the credit-card processor’s stock valued at $262,000 after purchasing an additional 43 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC grew its holdings in shares of Visa by 0.4% in the second quarter. Raab & Moskowitz Asset Management LLC now owns 10,752 shares of the credit-card processor’s stock valued at $2,553,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Visa Stock Up 0.2 %

V stock opened at $276.43 on Friday. The company has a fifty day moving average price of $264.58 and a 200 day moving average price of $249.26. Visa Inc. has a 12 month low of $208.76 and a 12 month high of $279.99. The company has a market cap of $507.67 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 1.90 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:VGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.18 EPS. Sell-side analysts expect that Visa Inc. will post 9.91 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is currently 23.94%.

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,472 shares of company stock worth $25,695,420. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Monness Crespi & Hardt assumed coverage on shares of Visa in a report on Wednesday, December 20th. They set a “neutral” rating for the company. William Blair reiterated an “outperform” rating on shares of Visa in a report on Friday, January 26th. KeyCorp boosted their price target on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Keefe, Bruyette & Woods boosted their price target on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Raymond James boosted their price target on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $290.55.

Read Our Latest Report on Visa

Visa 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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