Crossmark Global Holdings Inc. Has $54.31 Million Holdings in Visa Inc. (NYSE:V)

Crossmark Global Holdings Inc. increased its position in Visa Inc. (NYSE:V) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,854 shares of the credit-card processor’s stock after acquiring an additional 19,280 shares during the quarter. Visa comprises about 1.0% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 13th biggest position. Crossmark Global Holdings Inc.’s holdings in Visa were worth $54,313,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new position in shares of Visa during the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. bought a new position in Visa in the 4th quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new position in shares of Visa during the third quarter worth approximately $31,000. Modus Advisors LLC acquired a new stake in shares of Visa in the fourth quarter worth $32,000. Finally, West Financial Advisors LLC raised its stake in Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after purchasing an additional 73 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. TD Cowen raised their price target on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price target on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Citigroup raised their price objective on Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Jefferies Financial Group boosted their price objective on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird raised their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $332.81.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now 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. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

Visa stock opened at $323.55 on Thursday. The stock has a 50-day simple moving average of $313.86 and a 200 day simple moving average of $289.47. The stock has a market capitalization of $602.73 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 2.15 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $325.74.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. On average, research analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.73%. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 24.25%.

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.