Hutchens & Kramer Investment Management Group LLC Acquires 220 Shares of Visa Inc. (NYSE:V)

Hutchens & Kramer Investment Management Group LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,546 shares of the credit-card processor’s stock after acquiring an additional 220 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in Visa were worth $1,121,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Revolve Wealth Partners LLC boosted its position in Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after acquiring an additional 4,817 shares in the last quarter. Charter Oak Capital Management LLC boosted its position in Visa by 3.6% during the fourth quarter. Charter Oak Capital Management LLC now owns 1,893 shares of the credit-card processor’s stock valued at $598,000 after purchasing an additional 66 shares in the last quarter. Acorn Creek Capital LLC grew its stake in Visa by 31.5% in the fourth quarter. Acorn Creek Capital LLC now owns 1,596 shares of the credit-card processor’s stock valued at $504,000 after purchasing an additional 382 shares during the last quarter. Altus Wealth Management LLC bought a new position in Visa in the fourth quarter worth about $218,000. Finally, Greenup Street Wealth Management LLC lifted its position in shares of Visa by 4.4% during the fourth quarter. Greenup Street Wealth Management LLC now owns 10,617 shares of the credit-card processor’s stock valued at $3,355,000 after buying an additional 452 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were 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 is available at this link. Also, insider Paul D. Fabara sold 2,171 shares of the firm’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 transaction of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade 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.

Analysts Set New Price Targets

V has been the subject of several recent analyst reports. Barclays boosted their price objective 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. 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. Piper Sandler increased their price target on Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Morgan Stanley increased their price objective 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. Finally, Jefferies Financial Group raised their price target on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $335.52.

Visa Stock Up 2.2 %

Shares of V opened at $343.26 on Friday. The firm has a market cap of $639.46 billion, a P/E ratio of 35.28, a PEG ratio of 2.17 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $344.44. The stock’s 50 day moving average is $316.43 and its two-hundred day moving average is $292.09. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. Analysts predict that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. 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.