Clear Creek Financial Management LLC Purchases 3,036 Shares of Visa Inc. (NYSE:V)

Clear Creek Financial Management LLC grew its position in Visa Inc. (NYSE:V) by 40.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,494 shares of the credit-card processor’s stock after buying an additional 3,036 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Visa were worth $3,316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new position in shares of Visa in the 4th quarter valued at about $26,000. Peterson Financial Group Inc. bought a new position in Visa in the third quarter valued at approximately $26,000. Modus Advisors LLC bought a new position in Visa in the fourth quarter valued at approximately $32,000. Reston Wealth Management LLC acquired a new position in shares of Visa during the 3rd quarter worth approximately $31,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Visa in the 4th quarter valued at approximately $44,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Oppenheimer boosted their price objective on shares of Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday. Macquarie raised their target price on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price target on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Bank of America raised their price objective on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus target price of $352.27.

Insider Activity

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

Visa Stock Down 0.3 %

Shares of NYSE V opened at $342.05 on Monday. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $351.25. The stock’s fifty day moving average is $317.74 and its 200 day moving average is $293.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $637.19 billion, a P/E ratio of 35.15, a PEG ratio of 2.27 and a beta of 0.96.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. Sell-side analysts forecast that Visa Inc. will post 11.18 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

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.