Cassia Capital Partners LLC Grows Stock Holdings in Visa Inc. (NYSE:V)

Cassia Capital Partners LLC increased its stake in Visa Inc. (NYSE:V) by 32.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,589 shares of the credit-card processor’s stock after buying an additional 886 shares during the period. Visa accounts for about 0.7% of Cassia Capital Partners LLC’s holdings, making the stock its 22nd largest holding. Cassia Capital Partners LLC’s holdings in Visa were worth $1,134,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in V. Ninety One SA PTY Ltd grew its holdings in shares of Visa by 3.1% during the fourth quarter. Ninety One SA PTY Ltd now owns 44,759 shares of the credit-card processor’s stock valued at $14,146,000 after buying an additional 1,358 shares during the last quarter. Bay Harbor Wealth Management LLC lifted its position in Visa by 49.7% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 509 shares of the credit-card processor’s stock valued at $161,000 after acquiring an additional 169 shares in the last quarter. Welch Group LLC boosted its stake in Visa by 1.0% during the 4th quarter. Welch Group LLC now owns 31,446 shares of the credit-card processor’s stock valued at $9,915,000 after purchasing an additional 308 shares during the last quarter. Brown Lisle Cummings Inc. increased its holdings in shares of Visa by 4.1% in the 4th quarter. Brown Lisle Cummings Inc. now owns 8,705 shares of the credit-card processor’s stock worth $2,751,000 after purchasing an additional 343 shares in the last quarter. Finally, Robbins Farley raised its stake in shares of Visa by 2.9% in the fourth quarter. Robbins Farley now owns 15,567 shares of the credit-card processor’s stock worth $4,920,000 after purchasing an additional 446 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value 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. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is owned by insiders.

Visa Trading Up 0.2 %

Shares of V stock opened at $348.26 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The stock has a fifty day simple moving average of $320.41 and a two-hundred day simple moving average of $295.12. The firm has a market capitalization of $648.77 billion, a PE ratio of 35.11, a PEG ratio of 2.30 and a beta of 0.97. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.25.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, analysts predict that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Analysts Set New Price Targets

Several equities research analysts recently commented on V shares. Robert W. Baird increased their price objective on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Oppenheimer raised their price target on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Citigroup boosted their price objective on shares of Visa from $354.00 to $393.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, UBS Group boosted their target price on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $354.73.

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.