Visa Inc. (NYSE:V) Stock Holdings Lifted by RiverPark Advisors LLC

RiverPark Advisors LLC grew its stake in Visa Inc. (NYSE:V) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,940 shares of the credit-card processor’s stock after purchasing an additional 253 shares during the period. Visa makes up about 3.1% of RiverPark Advisors LLC’s holdings, making the stock its 7th largest holding. RiverPark Advisors LLC’s holdings in Visa were worth $4,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Howard Capital Management Group LLC lifted its holdings in Visa by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after acquiring an additional 610 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Visa by 7.7% in the 3rd 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 last quarter. Morse Asset Management Inc purchased a new position in shares of Visa during the 3rd quarter worth $69,000. Passumpsic Savings Bank increased its position in shares of Visa by 2.0% during the 3rd quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor’s stock worth $2,512,000 after purchasing an additional 179 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in Visa by 101.5% in the 3rd quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor’s stock valued at $12,368,000 after buying an additional 22,658 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, 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 transaction of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % 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 $48,842,490 in the last 90 days. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on V shares. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Piper Sandler reiterated an “overweight” rating and issued a $383.00 target price (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Wells Fargo & Company upped their price target on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Oppenheimer reiterated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Finally, Citigroup restated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target of $355.84.

Visa Stock Performance

Shares of V stock opened at $334.49 on Thursday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $621.40 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.33 and a beta of 0.94. The stock’s 50-day moving average is $339.19 and its two-hundred day moving average is $321.50.

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, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio is currently 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.