HHM Wealth Advisors LLC Acquires 90 Shares of Visa Inc. (NYSE:V)

HHM Wealth Advisors LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 6.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,548 shares of the credit-card processor’s stock after acquiring an additional 90 shares during the period. HHM Wealth Advisors LLC’s holdings in Visa were worth $403,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. GoalVest Advisory LLC increased its holdings in Visa by 3.4% in the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock worth $317,000 after purchasing an additional 40 shares in the last quarter. Destiny Wealth Partners LLC increased its stake in shares of Visa by 2.5% in the 4th quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock valued at $433,000 after acquiring an additional 40 shares in the last quarter. Sunflower Bank N.A. lifted its position in shares of Visa by 1.3% during the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock valued at $818,000 after acquiring an additional 41 shares during the period. Parker Financial LLC boosted its stake in Visa by 4.8% during the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after acquiring an additional 42 shares in the last quarter. Finally, Patron Partners LLC grew its holdings in Visa by 1.0% in the fourth quarter. Patron Partners LLC now owns 4,295 shares of the credit-card processor’s stock worth $1,118,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Shares of NYSE:V traded down $0.64 during midday trading on Friday, reaching $274.52. 6,840,615 shares of the company traded hands, compared to its average volume of 6,528,673. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The firm has a market capitalization of $504.16 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The firm’s fifty day moving average price is $279.24 and its two-hundred day moving average price is $264.52.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the company posted $2.09 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts expect that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa’s payout ratio is currently 23.24%.

Analyst Upgrades and Downgrades

V has been the topic of several recent research reports. KeyCorp increased their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Oppenheimer lifted their price target on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday. Citigroup raised their price objective on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group lifted their price objective on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Raymond James upped their target price on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $302.58.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. Insiders have sold a total of 19,874 shares of company stock valued at $5,506,827 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

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.