Visa Inc. (NYSE:V) Shares Acquired by Nemes Rush Group LLC

Nemes Rush Group LLC lifted its holdings in shares of Visa Inc. (NYSE:V) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,606 shares of the credit-card processor’s stock after purchasing an additional 2,942 shares during the quarter. Visa comprises approximately 1.4% of Nemes Rush Group LLC’s investment portfolio, making the stock its 24th biggest position. Nemes Rush Group LLC’s holdings in Visa were worth $11,253,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in V. Howard Capital Management Group LLC raised its position in shares of Visa by 0.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after acquiring an additional 610 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Visa by 7.7% in the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock valued at $1,576,366,000 after purchasing an additional 411,210 shares during the period. Atom Investors LP lifted its stake in shares of Visa by 0.7% in the 3rd quarter. Atom Investors LP now owns 44,687 shares of the credit-card processor’s stock worth $12,287,000 after acquiring an additional 327 shares during the period. Benjamin Edwards Inc. increased its position in Visa by 1,620.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 72,890 shares of the credit-card processor’s stock worth $20,046,000 after purchasing an additional 68,654 shares during the period. Finally, Beacon Investment Advisory Services Inc. lifted its holdings in Visa by 2.8% in the third quarter. Beacon Investment Advisory Services Inc. now owns 4,101 shares of the credit-card processor’s stock valued at $1,128,000 after acquiring an additional 111 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

V has been the topic of a number of research analyst reports. Citigroup reiterated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. The Goldman Sachs Group increased their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and set a $393.00 price target (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Wells Fargo & Company boosted their price objective on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Barclays lifted their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $355.84.

Insider Buying and Selling

In other news, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $194,931. This represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,560,961 in the last three months. 0.13% of the stock is owned by insiders.

Visa Stock Up 2.3 %

V stock opened at $350.68 on Tuesday. The firm has a fifty day moving average price of $344.22 and a two-hundred day moving average price of $315.95. 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 has a market cap of $651.48 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. Research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa’s dividend payout ratio 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.