Beck Capital Management LLC Makes New $241,000 Investment in Visa Inc. (NYSE:V)

Beck Capital Management LLC bought a new stake in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 761 shares of the credit-card processor’s stock, valued at approximately $241,000.

A number of other hedge funds also recently made changes to their positions in V. Decker Retirement Planning Inc. bought a new stake in shares of Visa in the fourth quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa in the 4th quarter valued at about $27,000. POM Investment Strategies LLC lifted its holdings in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC bought a new position in Visa during the fourth quarter worth about $32,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Visa in the fourth quarter worth about $32,000. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Up 3.6 %

V opened at $331.74 on Wednesday. The company has a market cap of $616.30 billion, a P/E ratio of 33.44, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The business’s 50-day moving average price is $339.57 and its 200-day moving average price is $321.41. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its quarterly earnings data 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 return on equity of 54.79% and a net margin of 54.27%. On average, equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Analyst Ratings Changes

A number of brokerages recently commented on V. Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Susquehanna reaffirmed a “positive” rating on shares of Visa in a report on Friday, March 21st. Raymond James reiterated an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Barclays raised their target price on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Evercore ISI assumed coverage on Visa in a research report on Wednesday, April 9th. They set an “in-line” rating and a $330.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $355.84.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $2,930,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is currently owned by company insiders.

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.