TFG Advisers LLC Boosts Position in Visa Inc. (NYSE:V)

TFG Advisers LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,858 shares of the credit-card processor’s stock after acquiring an additional 33 shares during the quarter. Visa makes up approximately 1.5% of TFG Advisers LLC’s holdings, making the stock its 10th biggest position. TFG Advisers LLC’s holdings in Visa were worth $4,064,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vest Financial LLC increased its stake in Visa by 10.1% in the 4th quarter. Vest Financial LLC now owns 113,057 shares of the credit-card processor’s stock worth $35,731,000 after buying an additional 10,387 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in Visa by 0.8% during the 4th quarter. Joel Isaacson & Co. LLC now owns 7,620 shares of the credit-card processor’s stock valued at $2,408,000 after purchasing an additional 58 shares during the period. Clarity Wealth Advisors LLC lifted its holdings in Visa by 2.6% in the 4th quarter. Clarity Wealth Advisors LLC now owns 22,104 shares of the credit-card processor’s stock worth $6,986,000 after purchasing an additional 551 shares in the last quarter. Northstar Group Inc. boosted its stake in Visa by 7.3% in the 4th quarter. Northstar Group Inc. now owns 11,591 shares of the credit-card processor’s stock worth $3,663,000 after purchasing an additional 789 shares during the period. Finally, Shepherd Financial Partners LLC grew its holdings in Visa by 0.6% during 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 buying an additional 160 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business’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 sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on V. Barclays raised their target price on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. The Goldman Sachs Group lifted their target price on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company increased their price target on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Visa Stock Up 0.9 %

Shares of NYSE V opened at $351.26 on Tuesday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.90. The firm has a market capitalization of $652.56 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 2.32 and a beta of 0.97. The stock has a 50 day moving average price of $321.08 and a 200 day moving average price of $296.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. Sell-side analysts expect that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given 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 0.67%. Visa’s dividend payout ratio (DPR) is presently 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.