3,224 Shares in Visa Inc. (NYSE:V) Acquired by Fielder Capital Group LLC

Fielder Capital Group LLC purchased a new stake in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,224 shares of the credit-card processor’s stock, valued at approximately $839,000.

Several other large investors have also bought and sold shares of the stock. Altshuler Shaham Ltd bought a new stake in Visa during the third quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the fourth quarter worth approximately $32,000. Valued Wealth Advisors LLC bought a new stake in Visa in the fourth quarter worth approximately $37,000. Stuart Chaussee & Associates Inc. lifted its stake in Visa by 66.2% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after buying an additional 94 shares during the period. Finally, Life Planning Partners Inc bought a new position in shares of Visa during the 4th quarter worth approximately $71,000. 82.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup increased their target price on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods increased their price target on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. UBS Group boosted their price objective on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Oppenheimer increased their target price on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Wedbush boosted their price target on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $303.00.

Insider Activity

In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold 11,724 shares of company stock valued at $3,278,698 in the last ninety days. 0.19% of the stock is currently owned by company insiders.

Visa Stock Up 1.4 %

Visa stock traded up $3.79 during mid-day trading on Tuesday, reaching $276.46. The stock had a trading volume of 6,363,660 shares, compared to its average volume of 5,886,919. The company has a 50-day moving average price of $277.94 and a two-hundred day moving average price of $266.06. The company has a market capitalization of $505.63 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 1.84 and a beta of 0.95. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.09 EPS. On average, analysts expect that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio (DPR) is 23.24%.

Visa 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.