Visa Inc. (NYSE:V) Shares Acquired by Stratos Investment Management LLC

Stratos Investment Management LLC raised its position in shares of Visa Inc. (NYSE:V) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,042 shares of the credit-card processor’s stock after buying an additional 130 shares during the quarter. Stratos Investment Management LLC’s holdings in Visa were worth $2,226,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new stake in shares of Visa during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new position in Visa during the 4th quarter valued at approximately $26,000. Reston Wealth Management LLC bought a new position in Visa during the 3rd quarter worth $31,000. Modus Advisors LLC acquired a new stake in Visa in the fourth quarter worth $32,000. Finally, Sugar Maple Asset Management LLC bought a new stake in Visa in the fourth quarter valued at $44,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.2 %

Shares of NYSE V opened at $348.26 on Friday. The business has a fifty day simple moving average of $320.41 and a 200-day simple moving average of $295.12. The company has a market cap of $648.77 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.30 and a beta of 0.97. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $351.25. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

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

Visa Dividend Announcement

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

Insider Activity

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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. Insiders sold 58,056 shares of company stock worth $19,830,050 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of several recent research reports. Jefferies Financial Group upped their price target on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays raised their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. TD Cowen boosted their price objective on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Susquehanna raised their target price on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Finally, Piper Sandler reiterated an “overweight” rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

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.