Cooper Financial Group Acquires 560 Shares of Visa Inc. (NYSE:V)

Cooper Financial Group increased its holdings in Visa Inc. (NYSE:V) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,318 shares of the credit-card processor’s stock after acquiring an additional 560 shares during the period. Cooper Financial Group’s holdings in Visa were worth $2,945,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of V. Inspire Advisors LLC purchased a new stake in shares of Visa during the second quarter worth $218,000. Lyell Wealth Management LP lifted its position in shares of Visa by 5.0% during the second quarter. Lyell Wealth Management LP now owns 45,882 shares of the credit-card processor’s stock worth $12,043,000 after acquiring an additional 2,204 shares in the last quarter. Diversify Wealth Management LLC purchased a new stake in shares of Visa during the second quarter worth $3,560,000. Hanson & Doremus Investment Management raised its position in shares of Visa by 3.3% in the second quarter. Hanson & Doremus Investment Management now owns 20,459 shares of the credit-card processor’s stock worth $5,370,000 after buying an additional 646 shares in the last quarter. Finally, Pinion Investment Advisors LLC raised its position in shares of Visa by 2.3% in the second quarter. Pinion Investment Advisors LLC now owns 5,674 shares of the credit-card processor’s stock worth $1,489,000 after buying an additional 128 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Down 0.6 %

NYSE V traded down $1.70 during mid-day trading on Monday, reaching $306.01. The stock had a trading volume of 2,931,214 shares, compared to its average volume of 5,106,835. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61. The stock has a market cap of $570.06 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The company has a fifty day moving average price of $312.14 and a 200 day moving average price of $287.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the business earned $2.33 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, research analysts expect that Visa Inc. will post 11.23 earnings per share for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is 24.25%.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction 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 sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on V. Citigroup increased their price objective on Visa from $319.00 to $326.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays raised their price objective on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Royal Bank of Canada raised their price objective on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird raised their price objective on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Macquarie raised their price objective on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $330.85.

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.