Round Rock Advisors LLC increased its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 23.6% in the fourth quarter, HoldingsChannel reports. The firm owned 938 shares of the credit-card processor’s stock after buying an additional 179 shares during the period. Round Rock Advisors LLC’s holdings in Visa were worth $296,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Custom Index Systems LLC bought a new stake in shares of Visa during the third quarter worth approximately $731,000. Copley Financial Group Inc. bought a new stake in Visa in the 3rd quarter valued at $616,000. Oak Ridge Investments LLC grew its holdings in Visa by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after buying an additional 4,198 shares in the last quarter. FORA Capital LLC bought a new position in Visa during the 3rd quarter worth $7,987,000. Finally, Chicago Capital LLC lifted its holdings in shares of Visa by 5.2% during the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock worth $111,331,000 after buying an additional 20,023 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.
Visa Stock Performance
Shares of V stock opened at $345.31 on Wednesday. The stock has a market capitalization of $643.27 billion, a PE ratio of 34.81, a PEG ratio of 2.30 and a beta of 0.97. The business’s 50 day simple moving average is $318.40 and its 200 day simple moving average is $293.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. Visa Inc. has a one year low of $252.70 and a one year high of $351.25.
Visa Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given 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 is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.
Insider Activity
In other news, 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 sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’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. Insiders have sold 21,983 shares of company stock valued at $7,213,146 in the last ninety days. 0.13% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of research firms recently commented on V. Citigroup raised their price target on shares of Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Royal Bank of Canada increased their price target on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays upped their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods raised their price target on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $354.73.
Check Out Our Latest Research Report on V
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.
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