Bogart Wealth LLC grew its holdings in Visa Inc (NYSE:V) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,146 shares of the credit-card processor’s stock after purchasing an additional 380 shares during the quarter. Bogart Wealth LLC’s holdings in Visa were worth $779,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in V. Vantage Investment Partners LLC raised its stake in Visa by 0.7% during the fourth quarter. Vantage Investment Partners LLC now owns 142,332 shares of the credit-card processor’s stock worth $26,744,000 after purchasing an additional 940 shares during the period. JLB & Associates Inc. raised its stake in Visa by 4.5% during the fourth quarter. JLB & Associates Inc. now owns 5,081 shares of the credit-card processor’s stock worth $954,000 after purchasing an additional 219 shares during the period. Cetera Investment Advisers raised its stake in Visa by 3.7% during the fourth quarter. Cetera Investment Advisers now owns 19,434 shares of the credit-card processor’s stock worth $3,662,000 after purchasing an additional 695 shares during the period. Cetera Advisor Networks LLC raised its stake in Visa by 15.8% during the fourth quarter. Cetera Advisor Networks LLC now owns 85,274 shares of the credit-card processor’s stock worth $16,041,000 after purchasing an additional 11,614 shares during the period. Finally, Cresset Asset Management LLC raised its stake in Visa by 5.4% during the fourth quarter. Cresset Asset Management LLC now owns 23,678 shares of the credit-card processor’s stock worth $4,449,000 after purchasing an additional 1,223 shares during the period. Institutional investors and hedge funds own 81.40% of the company’s stock.
A number of equities analysts have weighed in on V shares. Wells Fargo & Co increased their price target on shares of Visa from $213.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Wedbush reaffirmed a “buy” rating and set a $215.00 price target on shares of Visa in a research note on Monday, February 10th. Citigroup increased their price target on shares of Visa from $209.00 to $236.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Robert W. Baird increased their price target on shares of Visa from $212.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Compass Point started coverage on shares of Visa in a research note on Thursday, December 5th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $217.62.
In related news, EVP Lynne Biggar sold 5,500 shares of Visa stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $211.18, for a total value of $1,161,490.00. Following the sale, the executive vice president now directly owns 19,370 shares in the company, valued at approximately $4,090,556.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $183.72, for a total transaction of $1,286,040.00. Following the completion of the sale, the chief executive officer now owns 84,788 shares in the company, valued at $15,577,251.36. The disclosure for this sale can be found here. Insiders sold a total of 52,577 shares of company stock valued at $10,283,105 over the last ninety days. Company insiders own 0.19% of the company’s stock.
Shares of V stock opened at $211.45 on Friday. The firm has a market cap of $414.48 billion, a P/E ratio of 38.59, a P/E/G ratio of 2.22 and a beta of 0.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.27. Visa Inc has a 1-year low of $143.18 and a 1-year high of $214.17. The firm has a fifty day moving average of $201.26 and a two-hundred day moving average of $184.87.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $1.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.46. Visa had a net margin of 52.60% and a return on equity of 43.15%. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $6.08 billion. During the same period in the previous year, the business posted $1.30 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts expect that Visa Inc will post 6.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, February 13th. This is a positive change from Visa’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.57%. Visa’s payout ratio is 22.06%.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.