Masso Torrence Wealth Management Inc. Acquires 80 Shares of Visa Inc. (NYSE:V)

Masso Torrence Wealth Management Inc. lifted its stake in shares of Visa Inc. (NYSE:V) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,700 shares of the credit-card processor’s stock after buying an additional 80 shares during the quarter. Masso Torrence Wealth Management Inc.’s holdings in Visa were worth $1,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Czech National Bank raised its position in shares of Visa by 13.4% during the third quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock worth $93,548,000 after purchasing an additional 40,268 shares during the period. Unique Wealth LLC increased its stake in Visa by 16.7% during the 3rd quarter. Unique Wealth LLC now owns 8,170 shares of the credit-card processor’s stock valued at $2,246,000 after purchasing an additional 1,171 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Visa by 4,412.3% in the third quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor’s stock valued at $1,119,725,000 after buying an additional 4,166,905 shares in the last quarter. Farmers Trust Co. grew its holdings in shares of Visa by 0.6% during the third quarter. Farmers Trust Co. now owns 25,773 shares of the credit-card processor’s stock valued at $7,086,000 after buying an additional 154 shares during the last quarter. Finally, Delta Financial Group Inc. increased its position in shares of Visa by 1.3% during the third quarter. Delta Financial Group Inc. now owns 7,673 shares of the credit-card processor’s stock worth $2,110,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Oppenheimer raised their price target on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday. TD Cowen lifted their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price target on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday. Robert W. Baird lifted their price objective on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $352.27.

Visa Price Performance

Shares of NYSE V opened at $342.05 on Friday. The stock has a fifty day moving average of $317.09 and a 200-day moving average of $292.45. The stock has a market cap of $637.19 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $351.25.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. Equities research analysts anticipate that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is 24.25%.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

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.