OneAscent Financial Services LLC Grows Stake in Visa Inc. (NYSE:V)

OneAscent Financial Services LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 50.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,005 shares of the credit-card processor’s stock after acquiring an additional 2,697 shares during the period. OneAscent Financial Services LLC’s holdings in Visa were worth $2,530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the fourth quarter worth $27,000. POM Investment Strategies LLC increased its position 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 purchasing an additional 32 shares during the last quarter. Modus Advisors LLC bought a new position in Visa in the fourth quarter worth approximately $32,000. Finally, Compass Planning Associates Inc bought a new position in Visa in the 4th quarter worth $32,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. This represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,560,961 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

Visa Price Performance

Shares of NYSE V opened at $346.80 on Wednesday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The business has a 50 day simple moving average of $344.68 and a 200-day simple moving average of $316.37. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $644.28 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

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

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Analysts Set New Price Targets

Several brokerages have weighed in on V. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a report on Friday, March 28th. Barclays increased their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Citigroup restated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $355.84.

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.