24,328 Shares in Visa Inc. (NYSE:V) Acquired by StoneX Group Inc.

StoneX Group Inc. bought a new stake in Visa Inc. (NYSE:V) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,328 shares of the credit-card processor’s stock, valued at approximately $7,688,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new position in shares of Visa during the fourth quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC increased its stake 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 purchasing an additional 32 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of Visa in the fourth quarter worth $32,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Visa during the fourth quarter valued at $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 2.3 %

Shares of Visa stock opened at $350.68 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The firm has a market capitalization of $651.48 billion, a PE ratio of 35.35, a P/E/G ratio of 2.33 and a beta of 0.95. The firm’s 50-day moving average price is $344.22 and its 200 day moving average price is $315.95.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 23.79%.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares of the company’s stock, valued at approximately $8,991,249.33. This trade represents a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,205 shares of company stock valued at $48,560,961. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on V. JPMorgan Chase & Co. raised their target price on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Susquehanna reaffirmed a “positive” rating on shares of Visa in a report on Friday, March 21st. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Wells Fargo & Company raised their price target on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $355.84.

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.