4,932 Shares in Visa Inc. (NYSE:V) Purchased by Landing Point Financial Group LLC
by Scott Moore · The Cerbat GemLanding Point Financial Group LLC bought a new stake in Visa Inc. (NYSE:V – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,932 shares of the credit-card processor’s stock, valued at approximately $1,559,000. Visa comprises approximately 1.2% of Landing Point Financial Group LLC’s holdings, making the stock its 12th biggest holding.
Other large investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new stake in shares of Visa in the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa in the 4th quarter valued at about $27,000. POM Investment Strategies LLC increased its stake in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the period. Modus Advisors LLC acquired a new stake in shares of Visa during the fourth quarter worth about $32,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Visa in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.
Visa Stock Performance
NYSE:V opened at $329.26 on Friday. The firm has a market cap of $611.69 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The firm’s fifty day moving average price is $340.68 and its 200 day moving average price is $320.74.
Visa (NYSE:V – Get Free Report) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current year.
Visa Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 23.79%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on V shares. Evercore ISI started coverage on shares of Visa in a research note on Wednesday, April 9th. They set an “in-line” rating and a $330.00 target price on the stock. Bank of America increased their price objective on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. UBS Group upped their price target on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $383.00 price target (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $355.84.
Check Out Our Latest Research Report on Visa
Insider Activity
In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock valued at $48,842,490 in the last three months. 0.13% of the stock is currently owned by company insiders.
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.
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