Householder Group Estate & Retirement Specialist LLC Has $598,000 Stake in Visa Inc. (NYSE:V)

Householder Group Estate & Retirement Specialist LLC trimmed its position in shares of Visa Inc. (NYSE:V) by 64.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,895 shares of the credit-card processor’s stock after selling 3,504 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Visa were worth $598,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Chemistry Wealth Management LLC grew its stake in Visa by 13.7% during the fourth quarter. Chemistry Wealth Management LLC now owns 1,078 shares of the credit-card processor’s stock worth $341,000 after buying an additional 130 shares in the last quarter. Boston Common Asset Management LLC boosted its stake in shares of Visa by 33.5% in the 4th quarter. Boston Common Asset Management LLC now owns 86,329 shares of the credit-card processor’s stock valued at $27,283,000 after purchasing an additional 21,651 shares in the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in shares of Visa by 49.9% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 14,911 shares of the credit-card processor’s stock valued at $4,713,000 after purchasing an additional 4,963 shares in the last quarter. CNB Bank boosted its stake in shares of Visa by 1.6% in the 4th quarter. CNB Bank now owns 10,822 shares of the credit-card processor’s stock valued at $3,420,000 after purchasing an additional 168 shares in the last quarter. Finally, Saxon Interests Inc. boosted its stake in shares of Visa by 16.4% in the 4th quarter. Saxon Interests Inc. now owns 2,031 shares of the credit-card processor’s stock valued at $642,000 after purchasing an additional 286 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were 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 of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Visa Stock Performance

NYSE:V opened at $319.97 on Friday. The company has a fifty day moving average of $313.41 and a 200-day moving average of $288.45. The firm has a market capitalization of $596.06 billion, a P/E ratio of 32.88, a P/E/G ratio of 2.06 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $321.61.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. Visa’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.33 EPS. As a group, sell-side analysts anticipate that Visa Inc. will post 11.22 EPS for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is currently 24.25%.

Analyst Ratings Changes

A number of research firms have recently weighed in on V. Oppenheimer raised their price target on shares of Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Piper Sandler raised their price target on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Susquehanna raised their price objective on shares of Visa from $339.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, December 11th. Finally, Jefferies Financial Group raised their price objective on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $331.92.

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.