Visa Inc. (NYSE:V) Stock Position Lifted by Sky Investment Group LLC

Sky Investment Group LLC lifted its holdings in Visa Inc. (NYSE:V) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,259 shares of the credit-card processor’s stock after purchasing an additional 208 shares during the quarter. Sky Investment Group LLC’s holdings in Visa were worth $2,294,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of V. Peterson Financial Group Inc. acquired a new stake in shares of Visa in the third quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the fourth quarter valued at $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa in the third quarter valued at $31,000. Modus Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at $32,000. Finally, West Financial Advisors LLC lifted its holdings in shares of Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 73 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of NYSE V opened at $323.55 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $602.73 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 2.15 and a beta of 0.96. The business’s 50-day simple moving average is $313.86 and its 200-day simple moving average is $289.47. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $325.74.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.33 EPS. As a group, equities research analysts expect that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.73%. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is 24.25%.

Analysts Set New Price Targets

V has been the subject of several research analyst reports. Morgan Stanley upped their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Piper Sandler upped their target price on Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their target price on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, TD Cowen upped their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $332.81.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm’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 value of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.