720 Shares in Visa Inc. (NYSE:V) Purchased by Hardin Capital Partners LLC

Hardin Capital Partners LLC bought a new stake in shares of Visa Inc. (NYSE:V) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 720 shares of the credit-card processor’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Howard Capital Management Group LLC raised its stake in shares of Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after purchasing an additional 610 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock worth $1,576,366,000 after buying an additional 411,210 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Visa in the 3rd quarter worth approximately $1,778,000. Truvestments Capital LLC bought a new position in shares of Visa in the third quarter valued at approximately $133,000. Finally, Horizon Kinetics Asset Management LLC increased its stake in shares of Visa by 4.6% during the third quarter. Horizon Kinetics Asset Management LLC now owns 4,539 shares of the credit-card processor’s stock valued at $1,248,000 after acquiring an additional 200 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,991,249.33. This trade represents a 59.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,205 shares of company stock worth $48,560,961. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, The Goldman Sachs Group increased their target price on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Stock Performance

Shares of V stock opened at $344.95 on Wednesday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The stock’s 50-day moving average is $341.94 and its two-hundred day moving average is $314.21. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $640.84 billion, a P/E ratio of 34.77, a PEG ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last released 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 return on equity of 54.79% and a net margin of 54.27%. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

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.