Visa Inc. (NYSE:V) Stock Position Increased by Elevation Wealth Partners LLC

Elevation Wealth Partners LLC increased its position in Visa Inc. (NYSE:V) by 3.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 939 shares of the credit-card processor’s stock after acquiring an additional 30 shares during the period. Elevation Wealth Partners LLC’s holdings in Visa were worth $297,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in shares of Visa in the third quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the 4th quarter worth $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa during the third quarter worth $31,000. Modus Advisors LLC purchased a new stake in shares of Visa during the fourth quarter valued at $32,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Visa in the 4th quarter valued at $44,000. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

NYSE V opened at $350.88 on Wednesday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $352.12. The company has a fifty day simple moving average of $321.77 and a 200 day simple moving average of $296.88. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The company has a market cap of $651.85 billion, a P/E ratio of 35.37, a P/E/G ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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, sell-side analysts predict that Visa Inc. will post 11.27 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm’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 sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold a total of 58,056 shares of company stock valued at $19,830,050 in the last three months. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Robert W. Baird boosted their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Susquehanna boosted their price target on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a report on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Oppenheimer raised their price objective on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods upped their target price on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $354.73.

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.