Elevation Wealth Partners LLC Grows Position in Visa Inc. (NYSE:V)

Elevation Wealth Partners LLC raised its position in Visa Inc. (NYSE:V) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 939 shares of the credit-card processor’s stock after purchasing an additional 30 shares during the period. Elevation Wealth Partners LLC’s holdings in Visa were worth $297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Peterson Financial Group Inc. purchased a new position in shares of Visa in the 3rd quarter worth $26,000. Decker Retirement Planning Inc. purchased a new position in Visa in the 4th quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new stake in Visa in the third quarter valued at approximately $31,000. Modus Advisors LLC acquired a new stake in Visa in the fourth quarter valued at approximately $32,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Visa in the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of V opened at $350.88 on Wednesday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $352.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The stock has a fifty day moving average price of $321.77 and a 200 day moving average price of $296.88. The company has a market cap of $651.85 billion, a P/E ratio of 35.37, a PEG ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, research analysts forecast that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 23.79%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Macquarie lifted their price target on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their target price on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 31st. Bank of America upped their target price on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, UBS Group increased their target price on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $354.73.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated 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 transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is owned by company insiders.

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.