Visa Inc. (NYSE:V) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its position in Visa Inc. (NYSE:V) by 42.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 77,153 shares of the credit-card processor’s stock after acquiring an additional 23,158 shares during the quarter. Apollon Wealth Management LLC’s holdings in Visa were worth $24,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in V. Apollon Financial LLC grew its holdings in Visa by 10.9% in the fourth quarter. Apollon Financial LLC now owns 1,192 shares of the credit-card processor’s stock valued at $377,000 after purchasing an additional 117 shares during the period. Unison Asset Management LLC grew its stake in Visa by 2.6% in the 4th quarter. Unison Asset Management LLC now owns 17,193 shares of the credit-card processor’s stock valued at $5,434,000 after acquiring an additional 436 shares during the period. Mezzasalma Advisors LLC grew its stake in Visa by 2.8% in the 4th quarter. Mezzasalma Advisors LLC now owns 35,495 shares of the credit-card processor’s stock valued at $11,218,000 after acquiring an additional 957 shares during the period. TFG Advisers LLC raised its position in Visa by 0.3% during the fourth quarter. TFG Advisers LLC now owns 12,858 shares of the credit-card processor’s stock worth $4,064,000 after acquiring an additional 33 shares during the period. Finally, Vest Financial LLC lifted its holdings in Visa by 10.1% during the fourth quarter. Vest Financial LLC now owns 113,057 shares of the credit-card processor’s stock valued at $35,731,000 after purchasing an additional 10,387 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Raymond James reissued an “outperform” rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their target price on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Jefferies Financial Group boosted their price target on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Bank of America raised their price objective on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Insider Activity

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Up 0.9 %

NYSE V opened at $351.26 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The stock has a market capitalization of $652.56 billion, a P/E ratio of 35.41, a PEG ratio of 2.32 and a beta of 0.97. The firm’s 50-day moving average is $321.08 and its two-hundred day moving average is $296.19. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $351.90.

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 the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts anticipate that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa’s dividend payout ratio is currently 23.79%.

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.