Joel Isaacson & Co. LLC Grows Holdings in Visa Inc. (NYSE:V)

Joel Isaacson & Co. LLC increased its stake in Visa Inc. (NYSE:V) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,620 shares of the credit-card processor’s stock after acquiring an additional 58 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Visa were worth $2,408,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Crescent Grove Advisors LLC lifted its holdings in shares of Visa by 2.2% in the fourth quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor’s stock valued at $454,000 after purchasing an additional 31 shares in the last quarter. Phoenix Wealth Advisors raised its position in Visa by 3.4% during the fourth quarter. Phoenix Wealth Advisors now owns 964 shares of the credit-card processor’s stock valued at $305,000 after buying an additional 32 shares during the period. Unionview LLC raised its position in Visa by 1.5% during the third quarter. Unionview LLC now owns 2,296 shares of the credit-card processor’s stock valued at $631,000 after buying an additional 33 shares during the period. Forza Wealth Management LLC lifted its stake in Visa by 2.9% in the 4th quarter. Forza Wealth Management LLC now owns 1,164 shares of the credit-card processor’s stock worth $368,000 after acquiring an additional 33 shares in the last quarter. Finally, Presilium Private Wealth LLC boosted its position in Visa by 2.2% during the 4th quarter. Presilium Private Wealth LLC now owns 1,503 shares of the credit-card processor’s stock worth $475,000 after acquiring an additional 33 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,056 shares of company stock worth $19,830,050 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $348.26 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The firm’s 50-day moving average is $321.08 and its 200-day moving average is $295.90. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.25. The company has a market cap of $647.00 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last posted its quarterly 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 return on equity of 54.79% and a net margin of 54.27%. Equities research analysts anticipate that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Mizuho increased their price target on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Piper Sandler reiterated an “overweight” rating and issued a $383.00 target price (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price target on shares of Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Oppenheimer increased their price objective on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Barclays lifted their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Four 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

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.