Visa Inc. (NYSE:V) Stake Increased by Charter Oak Capital Management LLC

Charter Oak Capital Management LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,893 shares of the credit-card processor’s stock after purchasing an additional 66 shares during the quarter. Charter Oak Capital Management LLC’s holdings in Visa were worth $598,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Peterson Financial Group Inc. acquired a new position in shares of Visa in the third quarter worth $26,000. Decker Retirement Planning Inc. purchased a new position in Visa in the fourth quarter valued at about $26,000. Reston Wealth Management LLC acquired a new position in Visa in the 3rd quarter worth about $31,000. Modus Advisors LLC purchased a new stake in shares of Visa during the 4th quarter worth about $32,000. Finally, West Financial Advisors LLC lifted its holdings in shares of 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 buying an additional 73 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on V. Jefferies Financial Group increased their price objective on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Mizuho lifted their price objective on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Bank of America increased their target price on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Morgan Stanley raised their target price on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Oppenheimer upped their price target on Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $335.52.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred 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 $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Visa Price Performance

Visa stock opened at $343.26 on Friday. The business has a 50 day simple moving average of $316.43 and a 200 day simple moving average of $292.09. Visa Inc. has a one year low of $252.70 and a one year high of $344.44. The company has a market capitalization of $639.46 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. On average, sell-side analysts forecast that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. Visa’s dividend payout ratio (DPR) is currently 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.