Peapack Gladstone Financial Corp Purchases 720 Shares of Visa Inc. (NYSE:V)

Peapack Gladstone Financial Corp raised its position in shares of Visa Inc. (NYSE:V) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,386 shares of the credit-card processor’s stock after acquiring an additional 720 shares during the period. Visa makes up 1.2% of Peapack Gladstone Financial Corp’s portfolio, making the stock its 15th biggest holding. Peapack Gladstone Financial Corp’s holdings in Visa were worth $80,713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Darden Wealth Group Inc grew its stake in shares of Visa by 4.0% in the fourth quarter. Darden Wealth Group Inc now owns 1,441 shares of the credit-card processor’s stock worth $455,000 after acquiring an additional 55 shares during the last quarter. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. bought a new stake in Visa in the 4th quarter valued at $859,000. Quadrant Capital Group LLC grew its position in Visa by 4.6% in the 4th quarter. Quadrant Capital Group LLC now owns 17,797 shares of the credit-card processor’s stock worth $5,624,000 after purchasing an additional 784 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co increased its holdings in shares of Visa by 52.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 317,960 shares of the credit-card processor’s stock worth $100,488,000 after purchasing an additional 109,000 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Visa by 8.0% during the fourth quarter. Russell Investments Group Ltd. now owns 1,580,091 shares of the credit-card processor’s stock valued at $499,257,000 after buying an additional 117,463 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on V shares. Susquehanna restated a “positive” rating on shares of Visa in a research note on Friday, March 21st. Citigroup restated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Oppenheimer reissued an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $355.84.

Insider Buying and Selling

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. This trade 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 $48,842,490 over the last ninety days. Insiders own 0.13% of the company’s stock.

Visa Stock Down 7.6 %

NYSE:V opened at $313.46 on Friday. The company has a market cap of $582.34 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s fifty day moving average price is $345.02 and its two-hundred day moving average price is $317.07. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is 23.79%.

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.