Mayflower Financial Advisors LLC Acquires 257 Shares of Visa Inc. (NYSE:V)

Mayflower Financial Advisors LLC grew its stake in Visa Inc. (NYSE:V) by 2.2% during the 4th quarter, HoldingsChannel reports. The firm owned 11,971 shares of the credit-card processor’s stock after acquiring an additional 257 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Visa were worth $3,783,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Anchor Investment Management LLC grew its position in Visa by 1.2% during the 2nd quarter. Anchor Investment Management LLC now owns 101,450 shares of the credit-card processor’s stock worth $26,627,000 after acquiring an additional 1,157 shares during the last quarter. Centaurus Financial Inc. boosted its stake in Visa by 72.5% in the second quarter. Centaurus Financial Inc. now owns 18,396 shares of the credit-card processor’s stock worth $4,829,000 after purchasing an additional 7,734 shares in the last quarter. Ashburton Jersey Ltd bought a new stake in shares of Visa during the second quarter worth $14,347,000. Mattson Financial Services LLC acquired a new stake in shares of Visa in the second quarter valued at $2,300,000. Finally, Global Wealth Strategies & Associates raised its holdings in shares of Visa by 79.0% in the third quarter. Global Wealth Strategies & Associates now owns 179 shares of the credit-card processor’s stock valued at $49,000 after buying an additional 79 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on V shares. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Oppenheimer raised their price target on shares of Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Bank of America boosted their price objective on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler boosted their target price on Visa from $322.00 to $368.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.52.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, 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. 0.13% of the stock is owned by corporate insiders.

Visa Trading Up 2.2 %

Shares of NYSE:V opened at $343.26 on Friday. The firm has a market cap of $639.46 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.17 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $344.44. The company’s fifty day simple moving average is $316.43 and its 200 day simple moving average is $292.09. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. As a group, research analysts forecast that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa’s dividend payout ratio is currently 24.25%.

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.