Brighton Jones LLC Buys 6,883 Shares of Visa Inc. (NYSE:V)

Brighton Jones LLC grew its stake in shares of Visa Inc. (NYSE:V) by 50.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 20,635 shares of the credit-card processor’s stock after acquiring an additional 6,883 shares during the quarter. Brighton Jones LLC’s holdings in Visa were worth $6,522,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of V. Peterson Financial Group Inc. bought a new stake in Visa during the third quarter worth $26,000. Decker Retirement Planning Inc. bought a new position in shares of Visa in the 4th quarter valued at $26,000. Reston Wealth Management LLC acquired a new position in shares of Visa during the 3rd quarter worth $31,000. Modus Advisors LLC bought a new stake in shares of Visa during the 4th quarter worth $32,000. Finally, West Financial Advisors LLC boosted its stake in Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 73 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. TD Cowen boosted their target price on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their target price on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Jefferies Financial Group boosted their target price on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Susquehanna increased their price target on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research note on Wednesday, December 11th. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $334.58.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Stock Up 0.6 %

Shares of NYSE:V opened at $330.20 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $331.09. 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 50-day moving average is $314.95 and its 200-day moving average is $290.42. The company has a market capitalization of $615.11 billion, a price-to-earnings ratio of 33.94, a P/E/G ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly 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. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.33 earnings per share. Equities research analysts predict that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

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

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.