Visa Inc. (NYSE:V) Shares Purchased by Cross Staff Investments Inc

Cross Staff Investments Inc boosted its holdings in Visa Inc. (NYSE:V) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,113 shares of the credit-card processor’s stock after purchasing an additional 253 shares during the quarter. Visa makes up about 1.4% of Cross Staff Investments Inc’s investment portfolio, making the stock its 17th largest holding. Cross Staff Investments Inc’s holdings in Visa were worth $1,932,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in Visa in the third quarter valued at $26,000. Decker Retirement Planning Inc. bought a new stake in Visa in the fourth quarter valued at $26,000. Reston Wealth Management LLC bought a new stake in Visa in the third quarter valued at $31,000. Modus Advisors LLC bought a new stake in Visa in the fourth quarter valued at $32,000. Finally, West Financial Advisors LLC lifted its stake in Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Mizuho lifted their price objective on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Oppenheimer lifted their price objective on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Citigroup lifted their price objective on shares of Visa from $354.00 to $393.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Robert W. Baird lifted their price objective on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, UBS Group lifted their price objective on shares of 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Trading Down 0.1 %

Shares of V opened at $345.31 on Wednesday. The business’s 50-day moving average price is $318.40 and its 200 day moving average price is $293.81. The stock has a market capitalization of $643.27 billion, a P/E ratio of 34.81, a P/E/G ratio of 2.30 and a beta of 0.97. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $351.25. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts expect that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,983 shares of company stock valued at $7,213,146 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

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.