Evoke Wealth LLC Has $4.46 Million Holdings in Visa Inc. (NYSE:V)

Evoke Wealth LLC boosted its stake in Visa Inc. (NYSE:V) by 6.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,101 shares of the credit-card processor’s stock after buying an additional 820 shares during the period. Evoke Wealth LLC’s holdings in Visa were worth $4,457,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Peterson Financial Group Inc. acquired a new position in shares of Visa in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new position in Visa in the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa in the fourth quarter worth $27,000. POM Investment Strategies LLC grew its holdings in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Modus Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at $32,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

V has been the topic of a number of research analyst reports. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group boosted their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Susquehanna upped their price objective on Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a report on Friday, February 21st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

Visa Stock Performance

Shares of V stock opened at $334.35 on Tuesday. 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 52 week low of $252.70 and a 52 week high of $366.54. The company’s 50 day moving average price is $338.39 and its two-hundred day moving average price is $311.61. The company has a market capitalization of $621.15 billion, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

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 net margin of 54.27% and a return on equity of 54.79%. On average, analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. Visa’s dividend payout ratio is currently 23.79%.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value 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 represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,855 shares of company stock worth $35,165,827. 0.13% of the stock is owned by corporate insiders.

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.