Nicholson Wealth Management Group LLC Increases Stake in Visa Inc. (NYSE:V)

Nicholson Wealth Management Group LLC increased its holdings in Visa Inc. (NYSE:V) by 71.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,772 shares of the credit-card processor’s stock after acquiring an additional 2,398 shares during the period. Visa makes up approximately 1.2% of Nicholson Wealth Management Group LLC’s investment portfolio, making the stock its 12th biggest position. Nicholson Wealth Management Group LLC’s holdings in Visa were worth $1,824,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in Visa during the 4th quarter valued at $26,000. Reston Wealth Management LLC purchased a new stake in Visa during the 3rd quarter valued at $31,000. POM Investment Strategies LLC boosted its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the period. Finally, Modus Advisors LLC purchased a new stake in Visa during the 4th quarter valued at $32,000. Hedge funds and other 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 the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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. Over the last quarter, insiders have sold 55,885 shares of company stock valued at $19,161,447. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Royal Bank of Canada upped their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Morgan Stanley upped their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group upped their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Stock Performance

Shares of NYSE V opened at $348.27 on Friday. The firm’s 50-day moving average price is $329.14 and its 200-day moving average price is $302.34. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $647.01 billion, a PE ratio of 35.11, a PEG ratio of 2.33 and a beta of 0.97. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $357.15.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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 anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm 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 $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Visa 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.