Northstar Group Inc. Acquires 789 Shares of Visa Inc. (NYSE:V)

Northstar Group Inc. lifted its stake in Visa Inc. (NYSE:V) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,591 shares of the credit-card processor’s stock after acquiring an additional 789 shares during the quarter. Northstar Group Inc.’s holdings in Visa were worth $3,663,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of V. Shepherd Financial Partners LLC grew its position in shares of Visa by 0.6% in the 4th quarter. Shepherd Financial Partners LLC now owns 26,676 shares of the credit-card processor’s stock valued at $8,431,000 after acquiring an additional 160 shares during the period. SOA Wealth Advisors LLC. grew its holdings in Visa by 7.0% during the fourth quarter. SOA Wealth Advisors LLC. now owns 2,855 shares of the credit-card processor’s stock worth $902,000 after purchasing an additional 187 shares during the period. Arcataur Capital Management LLC raised its stake in Visa by 9.0% in the fourth quarter. Arcataur Capital Management LLC now owns 3,151 shares of the credit-card processor’s stock valued at $996,000 after buying an additional 260 shares during the period. Platform Technology Partners lifted its position in shares of Visa by 0.8% in the fourth quarter. Platform Technology Partners now owns 9,774 shares of the credit-card processor’s stock valued at $3,089,000 after buying an additional 78 shares during the last quarter. Finally, Dock Street Asset Management Inc. boosted its stake in shares of Visa by 1.2% during the 4th quarter. Dock Street Asset Management Inc. now owns 145,372 shares of the credit-card processor’s stock worth $45,943,000 after acquiring an additional 1,714 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 owns 17,894 shares of the company’s stock, valued at approximately $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. Insiders have sold 58,056 shares of company stock worth $19,830,050 in the last 90 days. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on V. Susquehanna raised their price target on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a report on Friday, January 31st. Macquarie lifted their target price on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Citigroup boosted their price objective on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group lifted their price target on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $354.73.

Visa Stock Performance

Visa stock opened at $348.26 on Monday. The stock has a market cap of $647.00 billion, a PE ratio of 35.11, a P/E/G ratio of 2.32 and a beta of 0.97. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $351.25. The business’s 50-day moving average price is $321.08 and its two-hundred day moving average price is $295.90.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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, analysts expect that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Tuesday, February 11th. 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.