Visa Inc. (NYSE:V) Stock Holdings Lifted by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC lifted its position in Visa Inc. (NYSE:V) by 13.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,078 shares of the credit-card processor’s stock after acquiring an additional 130 shares during the period. Chemistry Wealth Management LLC’s holdings in Visa were worth $341,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in Visa during the fourth quarter valued at approximately $26,000. Peterson Financial Group Inc. acquired a new stake in Visa in the third quarter valued at approximately $26,000. Modus Advisors LLC acquired a new stake in Visa in the fourth quarter valued at approximately $32,000. Reston Wealth Management LLC acquired a new stake in Visa in the third quarter valued at approximately $31,000. Finally, West Financial Advisors LLC lifted its stake in Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. TD Cowen lifted their target price on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Citigroup upped their target price on shares of Visa from $326.00 to $354.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Robert W. Baird upped their target price on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased their target price on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $331.92.

Visa Price Performance

Shares of Visa stock opened at $319.97 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The business’s 50 day simple moving average is $313.41 and its two-hundred day simple moving average is $288.45. The stock has a market capitalization of $596.06 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. Visa Inc. has a one year low of $252.70 and a one year high of $321.61.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the previous year, the firm earned $2.33 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. Analysts forecast that Visa Inc. will post 11.22 EPS for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.74%. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. Visa’s payout ratio is 24.25%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

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.