Eagle Wealth Strategies LLC Acquires 81 Shares of Visa Inc. (NYSE:V)

Eagle Wealth Strategies LLC grew its stake in shares of Visa Inc. (NYSE:V) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,580 shares of the credit-card processor’s stock after buying an additional 81 shares during the period. Eagle Wealth Strategies LLC’s holdings in Visa were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Global Trust Asset Management LLC grew its stake in Visa by 5.7% during the fourth quarter. Global Trust Asset Management LLC now owns 11,329 shares of the credit-card processor’s stock valued at $3,581,000 after acquiring an additional 614 shares in the last quarter. Advisory Alpha LLC grew its position in shares of Visa by 10.1% during the fourth quarter. Advisory Alpha LLC now owns 5,044 shares of the credit-card processor’s stock valued at $1,594,000 after purchasing an additional 464 shares in the last quarter. West Branch Capital LLC increased its holdings in shares of Visa by 4.3% in the fourth quarter. West Branch Capital LLC now owns 20,295 shares of the credit-card processor’s stock worth $6,414,000 after purchasing an additional 830 shares during the last quarter. Dakota Wealth Management lifted its position in shares of Visa by 3.6% in the fourth quarter. Dakota Wealth Management now owns 118,694 shares of the credit-card processor’s stock worth $37,512,000 after buying an additional 4,100 shares in the last quarter. Finally, Bourne Lent Asset Management Inc. boosted its stake in Visa by 18.1% during the fourth quarter. Bourne Lent Asset Management Inc. now owns 8,034 shares of the credit-card processor’s stock valued at $2,539,000 after buying an additional 1,234 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research reports. Citigroup lifted their price objective on Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. TD Cowen increased their price objective on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their target price on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Robert W. Baird increased their price target on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Macquarie boosted their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $334.58.

Visa Stock Performance

Shares of NYSE:V opened at $330.20 on Friday. The firm has a 50 day moving average of $314.54 and a 200 day moving average of $289.98. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $615.11 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $331.09.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm 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 company posted $2.33 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, sell-side analysts predict that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a $0.59 dividend. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.