Jackson Hole Capital Partners LLC Has $2.98 Million Stock Position in Visa Inc. (NYSE:V)

Jackson Hole Capital Partners LLC grew its stake in shares of Visa Inc. (NYSE:V) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,437 shares of the credit-card processor’s stock after purchasing an additional 217 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Visa were worth $2,982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Horan Securities Inc. raised its holdings in shares of Visa by 3.9% in the 4th quarter. Horan Securities Inc. now owns 1,318 shares of the credit-card processor’s stock worth $417,000 after acquiring an additional 50 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Visa in the 4th quarter worth about $48,478,000. Coordinated Financial Services Inc. acquired a new stake in shares of Visa in the 4th quarter worth about $1,385,000. Coalescence Partners Investment Management LP raised its holdings in shares of Visa by 33.6% in the 4th quarter. Coalescence Partners Investment Management LP now owns 88,541 shares of the credit-card processor’s stock worth $27,982,000 after acquiring an additional 22,290 shares during the last quarter. Finally, Barings LLC raised its holdings in shares of Visa by 14.8% in the 4th quarter. Barings LLC now owns 1,261 shares of the credit-card processor’s stock worth $399,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on V. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Citigroup reaffirmed a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. The Goldman Sachs Group upped their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Morgan Stanley upped their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Visa has an average rating of “Moderate Buy” and an average price target of $353.96.

Insider Activity

In related news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,505 shares of company stock worth $22,290,507. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Performance

NYSE V opened at $345.79 on Friday. The company’s 50 day simple moving average is $336.18 and its two-hundred day simple moving average is $308.63. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $642.41 billion, a PE ratio of 34.86, a P/E/G ratio of 2.33 and a beta of 0.95. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54.

Visa (NYSE:V) last posted its quarterly earnings data 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%. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Visa Company 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.