Alfreton Capital LLP Purchases Shares of 180,000 Visa Inc. (NYSE:V)

Alfreton Capital LLP purchased a new position in Visa Inc. (NYSE:V) during the 4th quarter, HoldingsChannel reports. The fund purchased 180,000 shares of the credit-card processor’s stock, valued at approximately $56,887,000. Visa accounts for 20.4% of Alfreton Capital LLP’s holdings, making the stock its 3rd largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Decker Retirement Planning Inc. purchased a new position in Visa in the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa during the 4th quarter worth $27,000. Peterson Financial Group Inc. purchased a new position in Visa in the third quarter worth $26,000. POM Investment Strategies LLC increased its stake in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in Visa during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on V shares. Oppenheimer reiterated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Barclays upped their target price on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Piper Sandler restated an “overweight” rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’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 disclosure for this sale can be found here. In the last quarter, insiders sold 64,505 shares of company stock valued at $22,290,507. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $333.01 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm’s fifty day simple moving average is $337.35 and its 200 day simple moving average is $310.05. The stock has a market cap of $618.66 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. Visa’s dividend payout ratio (DPR) is 23.79%.

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.