Argentarii LLC Purchases Shares of 11,262 Visa Inc. (NYSE:V)

Argentarii LLC purchased a new stake in Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,262 shares of the credit-card processor’s stock, valued at approximately $3,559,000. Visa accounts for 1.8% of Argentarii LLC’s holdings, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in V. Swedbank AB grew its holdings in shares of Visa by 10.7% during the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock worth $566,153,000 after purchasing an additional 199,440 shares during the period. Howard Capital Management Group LLC grew its holdings in shares of Visa by 0.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after purchasing an additional 610 shares during the period. Pettinga Financial Advisors LLC purchased a new stake in shares of Visa during the 3rd quarter worth about $228,000. Principal Financial Group Inc. grew its holdings in shares of Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock worth $1,576,366,000 after purchasing an additional 411,210 shares during the period. Finally, Verity Asset Management Inc. grew its holdings in shares of Visa by 32.9% during the 3rd quarter. Verity Asset Management Inc. now owns 2,482 shares of the credit-card processor’s stock worth $683,000 after purchasing an additional 615 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,505 shares of company stock worth $22,290,507 in the last three months. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on V shares. Wells Fargo & Company boosted their target price on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Susquehanna upped their price target on Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a report on Friday, February 21st. Oppenheimer restated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Bank of America upped their price target on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group upped their price target on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $353.96.

Visa Stock Performance

V stock opened at $345.79 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market cap of $642.41 billion, a P/E ratio of 34.86, a P/E/G ratio of 2.33 and a beta of 0.95. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The stock’s 50 day simple moving average is $336.18 and its 200 day simple moving average is $308.63.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s payout ratio is currently 23.79%.

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.