Vestmark Advisory Solutions Inc. Buys 3,092 Shares of Visa Inc. (NYSE:V)

Vestmark Advisory Solutions Inc. raised its stake in Visa Inc. (NYSE:V) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,893 shares of the credit-card processor’s stock after acquiring an additional 3,092 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Visa were worth $9,131,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC increased its stake in Visa by 1.5% in the 4th quarter. Lindbrook Capital LLC now owns 11,519 shares of the credit-card processor’s stock worth $3,640,000 after acquiring an additional 173 shares during the last quarter. Carmel Capital Partners LLC increased its position in Visa by 7.7% in the fourth quarter. Carmel Capital Partners LLC now owns 1,041 shares of the credit-card processor’s stock worth $329,000 after purchasing an additional 74 shares during the last quarter. McDonough Capital Management Inc raised its stake in Visa by 2.2% during the fourth quarter. McDonough Capital Management Inc now owns 24,918 shares of the credit-card processor’s stock valued at $7,875,000 after purchasing an additional 527 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Visa during the fourth quarter valued at $1,955,403,000. Finally, Promus Capital LLC bought a new position in Visa during the fourth quarter valued at $1,011,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Down 2.5 %

Shares of NYSE:V opened at $343.81 on Friday. The company has a market capitalization of $638.72 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The company has a 50 day moving average of $335.63 and a two-hundred day moving average of $307.80. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its quarterly 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 net margin of 54.27% and a return on equity of 54.79%. As a group, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 64,505 shares of company stock worth $22,290,507. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Morgan Stanley raised their price target on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

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.