Visa Inc. (NYSE:V) Stock Holdings Raised by Omnia Family Wealth LLC

Omnia Family Wealth LLC raised its stake in Visa Inc. (NYSE:V) by 14.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,386 shares of the credit-card processor’s stock after purchasing an additional 304 shares during the period. Omnia Family Wealth LLC’s holdings in Visa were worth $621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC grew its position in shares of Visa by 17,418.7% during the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after buying an additional 4,710,188 shares during the last quarter. FMR LLC grew its position in Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after purchasing an additional 2,257,605 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Visa in the 3rd quarter worth about $358,349,000. The Manufacturers Life Insurance Company grew its position in Visa by 34.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,929,979 shares of the credit-card processor’s stock worth $903,955,000 after purchasing an additional 999,167 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Visa by 28.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,983,190 shares of the credit-card processor’s stock worth $916,174,000 after purchasing an additional 871,439 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.2 %

Shares of V traded down $0.64 during mid-day trading on Friday, hitting $274.52. 6,840,615 shares of the company’s stock were exchanged, compared to its average volume of 6,528,673. The firm has a fifty day moving average of $279.24 and a two-hundred day moving average of $264.52. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The stock has a market cap of $504.16 billion, a price-to-earnings ratio of 30.67, a P/E/G ratio of 1.89 and a beta of 0.96. 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 (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the prior year, the firm earned $2.09 EPS. Visa’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts forecast that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The business 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. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Wall Street Analyst Weigh In

Several research firms have commented on V. Oppenheimer upped their target price on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Cowen began coverage on shares of Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target for the company. Wells Fargo & Company upped their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. KeyCorp upped their price target on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Visa in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $302.58.

Insider Transactions at Visa

In other news, 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 transaction of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. In the last three months, insiders sold 19,874 shares of company stock valued at $5,506,827. Company insiders own 0.19% of the company’s stock.

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.