Howe & Rusling Inc. Boosts Stock Holdings in Visa Inc. (NYSE:V)

Howe & Rusling Inc. increased its position in Visa Inc. (NYSE:V) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,278 shares of the credit-card processor’s stock after acquiring an additional 2,411 shares during the period. Howe & Rusling Inc.’s holdings in Visa were worth $9,885,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in V. Howard Capital Management Group LLC boosted its holdings in Visa by 0.6% in the third 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 last quarter. Principal Financial Group Inc. boosted its stake in shares of Visa by 7.7% in 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 buying an additional 411,210 shares during the last quarter. Algert Global LLC bought a new stake in shares of Visa in the third quarter worth $1,778,000. Truvestments Capital LLC purchased a new stake in Visa during the third quarter valued at $133,000. Finally, Cadence Bank lifted its holdings in Visa by 2.4% in the third quarter. Cadence Bank now owns 18,026 shares of the credit-card processor’s stock valued at $4,956,000 after acquiring an additional 425 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. This trade represents a 94.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is currently owned by insiders.

Visa Trading Down 0.2 %

Shares of V opened at $344.05 on Thursday. The stock has a market capitalization of $639.17 billion, a PE ratio of 34.68, a P/E/G ratio of 2.33 and a beta of 0.95. The company’s fifty day moving average is $342.50 and its 200 day moving average is $314.42. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued 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 dividend payout ratio (DPR) is 23.79%.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group increased their price target on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Piper Sandler reissued an “overweight” rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Finally, Barclays boosted their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Six equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.