Krilogy Financial LLC Purchases 1,351 Shares of Visa Inc. (NYSE:V)

Krilogy Financial LLC raised its position in shares of Visa Inc. (NYSE:V) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,988 shares of the credit-card processor’s stock after purchasing an additional 1,351 shares during the quarter. Krilogy Financial LLC’s holdings in Visa were worth $5,369,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in V. Decker Retirement Planning Inc. bought a new position in shares of Visa during the 4th quarter valued at approximately $26,000. Peterson Financial Group Inc. bought a new position in shares of Visa during the 3rd quarter valued at approximately $26,000. Modus Advisors LLC bought a new position in shares of Visa during the 4th quarter valued at approximately $32,000. Reston Wealth Management LLC bought a new position in shares of Visa during the 3rd quarter valued at approximately $31,000. Finally, West Financial Advisors LLC grew its stake in shares of Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Up 0.9 %

Visa stock opened at $319.97 on Monday. The stock has a 50-day moving average of $313.41 and a two-hundred day moving average of $288.59. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a one year low of $252.70 and a one year high of $321.61. The stock has a market cap of $596.06 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings results 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. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the business posted $2.33 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts anticipate that Visa Inc. will post 11.22 EPS for the current fiscal year.

Visa Increases Dividend

The company 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. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup boosted their price objective on Visa from $326.00 to $354.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Mizuho upped their price target on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Robert W. Baird upped their price target on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price target on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler upped their price target on Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.92.

Insider Transactions at Visa

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

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.