1,325 Shares in Visa Inc. (NYSE:V) Acquired by Broadway Wealth Solutions Inc.

Broadway Wealth Solutions Inc. purchased a new stake in Visa Inc. (NYSE:V) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,325 shares of the credit-card processor’s stock, valued at approximately $419,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC increased its position in Visa by 44,126.7% during the fourth quarter. New Age Alpha Advisors LLC now owns 33,170 shares of the credit-card processor’s stock worth $10,483,000 after buying an additional 33,095 shares during the last quarter. Providence Capital Advisors LLC boosted its holdings in Visa by 34.1% in the fourth quarter. Providence Capital Advisors LLC now owns 866 shares of the credit-card processor’s stock worth $274,000 after acquiring an additional 220 shares in the last quarter. Norges Bank purchased a new stake in Visa during the fourth quarter worth about $5,171,271,000. Caisse Des Depots ET Consignations purchased a new position in Visa during the 4th quarter valued at about $62,421,000. Finally, Homestead Advisers Corp increased its position in shares of Visa by 4.0% during the 4th quarter. Homestead Advisers Corp now owns 301,174 shares of the credit-card processor’s stock valued at $95,183,000 after purchasing an additional 11,500 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. The Goldman Sachs Group boosted their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Susquehanna reiterated a “positive” rating on shares of Visa in a research note on Friday, March 21st. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $355.84.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock valued at $48,560,961 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Up 1.6 %

Visa stock opened at $349.82 on Friday. The company has a 50-day simple moving average of $343.15 and a 200-day simple moving average of $314.66. The firm has a market capitalization of $649.89 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.33 and a beta of 0.95. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. 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 (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 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%. As a group, equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current 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 dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is 23.79%.

About Visa

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.