Visa Inc. (NYSE:V) Shares Acquired by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC lifted its holdings in shares of Visa Inc. (NYSE:V) by 5.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,117 shares of the credit-card processor’s stock after acquiring an additional 601 shares during the period. Visa accounts for approximately 1.5% of Baker Tilly Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding. Baker Tilly Wealth Management LLC’s holdings in Visa were worth $3,829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in V. CJM Wealth Advisers Ltd. grew its stake in Visa by 1.6% during the 4th quarter. CJM Wealth Advisers Ltd. now owns 3,914 shares of the credit-card processor’s stock worth $1,237,000 after buying an additional 63 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Visa by 69.2% in the fourth quarter. Fortitude Family Office LLC now owns 2,587 shares of the credit-card processor’s stock valued at $818,000 after acquiring an additional 1,058 shares during the period. Watts Gwilliam & Co. LLC boosted its holdings in shares of Visa by 5.6% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 12,540 shares of the credit-card processor’s stock valued at $3,908,000 after acquiring an additional 667 shares during the period. Cumberland Advisors Inc. purchased a new position in shares of Visa during the fourth quarter worth approximately $202,000. Finally, Legacy Private Trust Co. increased its holdings in shares of Visa by 49.6% in the 4th quarter. Legacy Private Trust Co. now owns 13,728 shares of the credit-card processor’s stock valued at $4,339,000 after acquiring an additional 4,550 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The shares were 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. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

V has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley increased their target price on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Robert W. Baird boosted their price target on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Bank of America boosted their target price on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $330.85.

Visa Price Performance

NYSE:V traded down $4.30 during mid-day trading on Friday, hitting $308.30. 1,331,253 shares of the company’s stock traded hands, compared to its average volume of 4,572,812. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61. The company has a market cap of $574.32 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm’s 50 day simple moving average is $311.80 and its 200 day simple moving average is $286.63.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Visa’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 EPS. Sell-side analysts expect that Visa Inc. will post 11.23 EPS for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.77%. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is presently 24.25%.

About Visa

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.