Brighton Jones LLC Raises Position in Visa Inc. (NYSE:V)

Brighton Jones LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 50.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 20,635 shares of the credit-card processor’s stock after buying an additional 6,883 shares during the period. Brighton Jones LLC’s holdings in Visa were worth $6,522,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of V. Hengehold Capital Management LLC grew its position in Visa by 16.9% in the 4th quarter. Hengehold Capital Management LLC now owns 3,506 shares of the credit-card processor’s stock worth $1,108,000 after purchasing an additional 507 shares in the last quarter. Montecito Bank & Trust boosted its stake in shares of Visa by 2.0% in the 4th quarter. Montecito Bank & Trust now owns 12,023 shares of the credit-card processor’s stock worth $3,800,000 after buying an additional 230 shares during the last quarter. Cerro Pacific Wealth Advisors LLC increased its position in shares of Visa by 16.3% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 2,361 shares of the credit-card processor’s stock valued at $746,000 after acquiring an additional 331 shares during the last quarter. FCG Investment Co lifted its holdings in Visa by 12.5% during the fourth quarter. FCG Investment Co now owns 2,063 shares of the credit-card processor’s stock worth $652,000 after acquiring an additional 229 shares during the period. Finally, Apeiron RIA LLC boosted its position in Visa by 6.1% in the fourth quarter. Apeiron RIA LLC now owns 2,293 shares of the credit-card processor’s stock worth $725,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.6 %

Shares of NYSE V opened at $330.20 on Friday. The firm’s fifty day moving average is $314.95 and its 200 day moving average is $290.42. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $331.09. 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 cap of $615.11 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.33 earnings per share. On average, equities research analysts expect that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

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

Wall Street Analyst Weigh In

V has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Bank of America raised their price target on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research note on Wednesday. Jefferies Financial Group increased their price objective on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Piper Sandler boosted their target price on Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $334.58.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction 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. Corporate insiders own 0.13% of the company’s stock.

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.