Centric Wealth Management Purchases 699 Shares of Visa Inc. (NYSE:V)

Centric Wealth Management boosted its position in shares of Visa Inc. (NYSE:V) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,496 shares of the credit-card processor’s stock after acquiring an additional 699 shares during the period. Visa accounts for 1.5% of Centric Wealth Management’s investment portfolio, making the stock its 12th biggest holding. Centric Wealth Management’s holdings in Visa were worth $4,822,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Altshuler Shaham Ltd acquired a new stake in shares of Visa during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in Visa during the fourth quarter worth about $32,000. Valued Wealth Advisors LLC bought a new position in shares of Visa in the fourth quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. grew its position in Visa by 66.2% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock worth $61,000 after acquiring an additional 94 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in Visa in the 4th quarter valued at $71,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on V. Barclays lifted their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Evercore ISI lifted their price objective on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Citigroup lifted their price target on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wedbush lifted their price target on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $303.00.

Visa Trading Up 0.3 %

Shares of NYSE V traded up $0.71 during midday trading on Wednesday, reaching $277.17. The company had a trading volume of 2,423,260 shares, compared to its average volume of 5,846,642. The stock has a market cap of $506.93 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average price is $277.81 and its 200-day moving average price is $266.37.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 EPS. On average, equities research analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is 23.24%.

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.