Barlow Wealth Partners Inc. Invests $23.43 Million in Visa Inc. (NYSE:V)

Barlow Wealth Partners Inc. bought a new stake in Visa Inc. (NYSE:V) during the fourth quarter, Holdings Channel reports. The fund bought 89,981 shares of the credit-card processor’s stock, valued at approximately $23,427,000. Visa comprises about 3.3% of Barlow Wealth Partners Inc.’s investment portfolio, making the stock its 3rd biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new stake in Visa during the 3rd quarter worth $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa in the fourth quarter worth about $32,000. Valued Wealth Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at about $37,000. Stuart Chaussee & Associates Inc. grew its stake in shares of 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 in the last quarter. Finally, Macroview Investment Management LLC raised its holdings in shares of Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after buying an additional 265 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock traded up $0.73 during trading hours on Wednesday, reaching $277.19. The stock had a trading volume of 9,023,690 shares, compared to its average volume of 5,922,313. The firm has a market capitalization of $506.96 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95. The firm has a 50-day simple moving average of $277.81 and a 200-day simple moving average of $266.37. Visa Inc. has a twelve month low of $216.14 and a twelve month 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 announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.09 earnings per share. As a group, equities analysts forecast that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. Visa’s payout ratio is 23.24%.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on V. Robert W. Baird increased their price objective on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Barclays upped their price objective on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Mizuho lifted their target price on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. UBS Group increased their price target on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $303.00.

About Visa

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.