888 Shares in Visa Inc. (NYSE:V) Bought by jvl associates llc

jvl associates llc acquired a new position in shares of Visa Inc. (NYSE:V) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 888 shares of the credit-card processor’s stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Citizens Financial Corp increased its position in shares of Visa by 108.5% during the 4th quarter. First Citizens Financial Corp now owns 3,575 shares of the credit-card processor’s stock valued at $1,130,000 after purchasing an additional 1,860 shares during the last quarter. Modus Advisors LLC purchased a new position in Visa in the fourth quarter valued at about $32,000. GAMMA Investing LLC boosted its stake in Visa by 15.2% in the fourth quarter. GAMMA Investing LLC now owns 38,325 shares of the credit-card processor’s stock valued at $12,112,000 after acquiring an additional 5,055 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Visa by 23.4% during the 4th quarter. Versant Capital Management Inc now owns 4,526 shares of the credit-card processor’s stock worth $1,430,000 after purchasing an additional 858 shares during the last quarter. Finally, Trust Co of the South raised its holdings in shares of Visa by 40.0% in the 4th quarter. Trust Co of the South now owns 7,329 shares of the credit-card processor’s stock worth $2,316,000 after purchasing an additional 2,094 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on V shares. Citigroup upped their price target on shares of Visa from $319.00 to $326.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Macquarie raised their price target on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Barclays increased their price objective on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Bank of America upped their price target on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Finally, Robert W. Baird lifted their price objective on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $329.70.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

Visa Price Performance

NYSE:V traded up $0.38 during trading hours on Friday, hitting $314.78. 2,265,681 shares of the stock traded hands, compared to its average volume of 3,797,721. The stock has a 50 day moving average price of $309.06 and a 200 day moving average price of $285.28. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market cap of $586.40 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.33 earnings per share. Sell-side analysts forecast that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 24.25%.

About Visa

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.