Amplius Wealth Advisors LLC Grows Stock Position in Visa Inc. (NYSE:V)

Amplius Wealth Advisors LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,209 shares of the credit-card processor’s stock after purchasing an additional 84 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in Visa were worth $698,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of V. Harbor Investment Advisory LLC lifted its position in shares of Visa by 1.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 40,325 shares of the credit-card processor’s stock worth $12,744,000 after purchasing an additional 505 shares during the last quarter. Overbrook Management Corp raised its stake in Visa by 8.2% in the fourth quarter. Overbrook Management Corp now owns 65,857 shares of the credit-card processor’s stock valued at $20,813,000 after buying an additional 5,012 shares in the last quarter. Zhang Financial LLC boosted its position in shares of Visa by 11.7% during the 4th quarter. Zhang Financial LLC now owns 6,279 shares of the credit-card processor’s stock worth $1,984,000 after acquiring an additional 658 shares in the last quarter. Guinness Asset Management LTD increased its holdings in shares of Visa by 9.9% in the 4th quarter. Guinness Asset Management LTD now owns 141,193 shares of the credit-card processor’s stock valued at $44,620,000 after acquiring an additional 12,740 shares during the last quarter. Finally, Corundum Group Inc. raised its position in shares of Visa by 42.1% during the 4th quarter. Corundum Group Inc. now owns 6,543 shares of the credit-card processor’s stock worth $2,068,000 after acquiring an additional 1,937 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

V has been the topic of several recent analyst reports. Macquarie increased their price target on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Barclays lifted their price target on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Morgan Stanley raised their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Oppenheimer boosted their target price on Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $331.92.

Insider Activity at Visa

In other news, 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 value of $2,739,263.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following 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 disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Visa Price Performance

Shares of NYSE:V opened at $323.76 on Wednesday. The business’s 50 day simple moving average is $313.59 and its 200-day simple moving average is $289.09. The firm has a market capitalization of $603.12 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $324.58.

Visa (NYSE:V) last posted its 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. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 EPS. As a group, equities analysts forecast that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is currently 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.