Marion Wealth Management Makes New $212,000 Investment in Visa Inc. (NYSE:V)

Marion Wealth Management purchased a new stake in shares of Visa Inc. (NYSE:V) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 671 shares of the credit-card processor’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Inspire Advisors LLC bought a new position in Visa during the 2nd quarter valued at about $218,000. Thompson Siegel & Walmsley LLC raised its holdings in shares of Visa by 11.0% during the second quarter. Thompson Siegel & Walmsley LLC now owns 21,482 shares of the credit-card processor’s stock valued at $5,638,000 after purchasing an additional 2,128 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Visa by 4.6% during the second quarter. Brown Brothers Harriman & Co. now owns 81,315 shares of the credit-card processor’s stock valued at $21,343,000 after purchasing an additional 3,595 shares during the period. Fairfield Financial Advisors LTD purchased a new stake in Visa in the second quarter worth approximately $4,041,000. Finally, Abound Wealth Management grew its position in Visa by 8.4% in the 2nd quarter. Abound Wealth Management now owns 843 shares of the credit-card processor’s stock worth $221,000 after purchasing an additional 65 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on V shares. Monness Crespi & Hardt reissued a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. Barclays increased their target price on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. TD Cowen increased their price objective on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada raised their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $330.85.

Visa Trading Down 0.4 %

Visa stock opened at $306.59 on Tuesday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61. The firm’s 50 day moving average price is $312.44 and its 200-day moving average price is $287.32. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $571.14 billion, a P/E ratio of 31.51, a PEG ratio of 2.11 and a beta of 0.96.

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

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a $0.59 dividend. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s payout ratio is currently 24.25%.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.