Spartan Planning & Wealth Administration elevated its stake in shares of Visa Inc. (NYSE:V – Get Ranking ) by 269,400.0% in the course of the fourth quarter, in accordance with the corporate in its most up-to-date submitting with the SEC. The institutional investor owned 2,695 shares of the bank card processor’s inventory after shopping for an extra 2,694 shares in the course of the quarter. Visa accounts for 0.7% of Spartan Planning & Wealth Administration, making the inventory its twenty second largest place. Spartan Planning & Wealth Administration’s holdings in Visa had been price $560,000 as of its most up-to-date SEC submitting.
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Different hedge funds have additionally just lately modified their holdings of the corporate. Bay Colony Advisory Group Inc dba Bay Colony Advisors grew its holdings in Visa by 3.5% within the 4th quarter. Bay Colony Advisory Group Inc dba Bay Colony Advisors now owns 6,640 shares of the bank card processor’s inventory valued at $1,380,000 after shopping for an extra 225 shares in the course of the interval. Embody Wealth Advisors LLC raised its stake in shares of Visa by 11.6% within the 4th quarter. Embody Wealth Advisors LLC now owns 4,284 shares of the bank card processor’s inventory valued at $890,000 after buying an extra 446 shares in the course of the interval. Reframe Wealth LLC purchased a brand new place in shares of Visa within the 4th quarter price about $722,000. CapWealth Advisors LLC purchased a brand new place in shares of Visa within the 4th quarter price about $215,000. Lastly, SlateStone Wealth LLC grew its stake in Visa by 1.0% within the 4th quarter. SlateStone Wealth LLC now owns 24,711 shares of the bank card processor’s inventory valued at $5,134,000 after shopping for an extra 237 shares within the final quarter. Hedge funds and different institutional buyers personal 81.87% of the corporate’s shares.
Visa inventory efficiency
Shares of Firm V traded up $3.38 throughout mid-day buying and selling on Friday, reaching $225.74. 5,088,514 shares traded palms, in comparison with a median quantity of 6,204,501. The fifty day easy shifting common is $223.56, and the 2 hundred day easy shifting common is $209.60. The corporate has a debt-to-equity ratio of 0.59, a gearing ratio of 1.44, and a present ratio of 1.44. Visa Inc. has a 12-month low of $174.60 and a 12-month excessive of $234.30. The inventory has a market cap of $424.62 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 1.73 and a beta of 0.97.
Visa (NYSE:V – Get Ranking ) final posted its quarterly earnings outcomes on Thursday, January twenty sixth. The bank card processor reported $2.18 earnings per share (EPS), topping analysts’ consensus estimates of $2.01 by $0.17. The corporate had income of $7.90 billion for the quarter, in comparison with the consensus estimate of $7.70 billion. Visa’s return on fairness was 49.95% and its internet margin was 50.28%. The corporate’s quarterly income grew by 11.9% in comparison with the identical quarter final yr. In the identical quarter final yr, earnings per share amounted to $1.81. On common, in accordance with analysts’ forecasts, within the present yr Visa Inc. might be 8.43 earnings per share.
Visa will increase dividend
The agency additionally just lately declared a quarterly dividend, which was paid on Wednesday, March 1st. Buyers of report on Friday, February tenth had been paid a dividend of $0.45 per share. The ex-dividend date is Thursday, February ninth. That is $1.80 in annualized dividends and a yield of 0.80%. This is a rise from Visa’s earlier quarterly dividend of $0.40. Visa’s dividend payout ratio is at the moment 25.17%.
Insiders make bets
In different information, Chairman Alfred F. Kelly, Jr. offered 58,000 shares of the corporate’s inventory in a transaction that occurred on Monday, March sixth. The shares had been offered at a median worth of $223.99 for a complete worth of $12,991,420.00. Following the transaction, the chairman now owns 162,354 shares within the firm, valued at $36,365,672.46. The transaction was disclosed in a submitting with the SEC, which is obtainable on the SEC’s web site. In different information, Chairman Alfred F. Kelly, Jr. offered 58,000 shares of the corporate’s inventory in a transaction that occurred on Monday, March sixth. The shares had been offered at a median worth of $223.99, for a complete transaction amounting to $12,991,420.00. Following the transaction, the chairman now immediately owns 162,354 shares within the firm, valued at $36,365,672.46. The sale was disclosed in a doc filed with the SEC, which is obtainable at this hyperlink. Additionally, President Ryan McInerney offered 58,197 shares of the inventory in a transaction that occurred on Monday, January ninth. The shares had been offered at a median worth of $62.47, for a complete transaction amounting to $3,635,566.59. Disclosures for this sale will be discovered right here. Insiders have offered 191,312 shares of firm inventory valued at $33,751,165 during the last three months. Insiders personal 0.22% of the corporate’s inventory.
Wall Road analysts predict progress
V has been the topic of a number of analyst stories. Barclays boosted their goal worth on Visa from $266.00 to $270.00 and gave the inventory an “chubby” ranking in a analysis report on Sunday, January twenty ninth. JPMorgan Chase & Co. boosted their worth goal on Visa from $243.00 to $265.00 and gave the corporate an “chubby” ranking in a analysis report on Friday, January twenty seventh. Jefferies Monetary Group upped their goal worth on shares of Visa from $225.00 to $260.00 and gave the corporate a “purchase” ranking in a analysis observe on Wednesday, January 18th. Truist Monetary boosted their worth goal on shares of Visa from $235.00 to $260.00 in a analysis observe on Friday, January twentieth. Lastly, Oppenheimer upped their goal worth on shares of Visa from $210.00 to $237.00 and gave the inventory an “outperform” ranking in a report on Wednesday, January twenty fifth. One funding analyst has rated the inventory with a promote ranking, two have assigned a maintain ranking and twenty have issued a purchase ranking to the corporate’s inventory. The inventory at the moment has a consensus ranking of “Average Purchase” and a median goal worth of $259.11, in accordance with MarketBeat.
Visa profile
(Get Ranking)
Visa, Inc. is engaged in offering digital fee companies. It additionally facilitates international commerce by transferring worth and knowledge between a worldwide community of shoppers, retailers, monetary establishments, companies, strategic companions and authorities companies. It provides debit playing cards, bank cards, pay as you go merchandise, service provider fee options and international automated teller machines (ATMs).
Learn extra
Need to see what different hedge funds maintain V? Go to HoldingsChannel.com for the newest 13F filings and insider trades for Visa Inc. (NYSE:V – get ranking).
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