Eagle Wealth Strategies LLC Buys 81 Shares of Visa Inc. (NYSE:V)

Eagle Wealth Strategies LLC grew its stake in Visa Inc. (NYSE:V) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,580 shares of the credit-card processor’s stock after buying an additional 81 shares during the period. Eagle Wealth Strategies LLC’s holdings in Visa were worth $499,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Global Trust Asset Management LLC raised its holdings in shares of Visa by 5.7% during the 4th quarter. Global Trust Asset Management LLC now owns 11,329 shares of the credit-card processor’s stock valued at $3,581,000 after buying an additional 614 shares in the last quarter. Advisory Alpha LLC grew its position in Visa by 10.1% during the fourth quarter. Advisory Alpha LLC now owns 5,044 shares of the credit-card processor’s stock valued at $1,594,000 after acquiring an additional 464 shares during the last quarter. West Branch Capital LLC raised its stake in shares of Visa by 4.3% during the fourth quarter. West Branch Capital LLC now owns 20,295 shares of the credit-card processor’s stock worth $6,414,000 after acquiring an additional 830 shares in the last quarter. Dakota Wealth Management lifted its holdings in shares of Visa by 3.6% in the 4th quarter. Dakota Wealth Management now owns 118,694 shares of the credit-card processor’s stock worth $37,512,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Bourne Lent Asset Management Inc. boosted its stake in shares of Visa by 18.1% in the 4th quarter. Bourne Lent Asset Management Inc. now owns 8,034 shares of the credit-card processor’s stock valued at $2,539,000 after purchasing an additional 1,234 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $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. 0.13% of the stock is currently owned by corporate insiders.

Visa Price Performance

NYSE V opened at $330.20 on Friday. The stock has a market capitalization of $615.11 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The business’s fifty day moving average price is $314.54 and its 200-day moving average price is $289.98. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $331.09.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the business posted $2.33 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts predict that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a $0.59 dividend. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on V. Oppenheimer boosted their price target on shares of Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Citigroup increased their target price on Visa from $326.00 to $354.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lifted their price target on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Macquarie increased their price objective on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barclays lifted their target price on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $334.58.

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.