NewSquare Capital LLC Takes Position in Visa Inc. (NYSE:V)

NewSquare Capital LLC purchased a new position in Visa Inc. (NYSE:V) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 111 shares of the credit-card processor’s stock, valued at approximately $35,000.

Several other large investors have also added to or reduced their stakes in V. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa during the fourth quarter valued at $27,000. Peterson Financial Group Inc. bought a new stake in shares of Visa during the 3rd quarter valued at $26,000. POM Investment Strategies LLC boosted its holdings in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares in the last quarter. Finally, Modus Advisors LLC purchased a new stake in shares of Visa in the 4th quarter worth about $32,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.0 %

Shares of V stock opened at $352.18 on Thursday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The firm has a fifty day moving average price of $335.17 and a 200-day moving average price of $307.55. The company has a market cap of $654.27 billion, a price-to-earnings ratio of 35.50, a PEG ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. The trade was a 94.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,505 shares of company stock worth $22,290,507. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Piper Sandler reissued an “overweight” rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Raymond James restated an “outperform” rating and set a $393.00 price target (up from $374.00) on shares of Visa in a report on Friday, January 31st. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Susquehanna lifted their target price on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a report on Friday, February 21st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Company Profile

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.