Little House Capital LLC Acquires 652 Shares of Visa Inc. (NYSE:V)

Little House Capital LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,779 shares of the credit-card processor’s stock after acquiring an additional 652 shares during the period. Visa comprises 1.3% of Little House Capital LLC’s portfolio, making the stock its 24th biggest position. Little House Capital LLC’s holdings in Visa were worth $3,587,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of V. Legacy Capital Wealth Partners LLC raised its position in Visa by 1.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 5,482 shares of the credit-card processor’s stock valued at $1,427,000 after purchasing an additional 100 shares in the last quarter. Intellectus Partners LLC raised its position in Visa by 4.4% during the 4th quarter. Intellectus Partners LLC now owns 10,671 shares of the credit-card processor’s stock valued at $2,778,000 after purchasing an additional 452 shares in the last quarter. RiverFront Investment Group LLC raised its position in Visa by 6.0% during the 4th quarter. RiverFront Investment Group LLC now owns 19,829 shares of the credit-card processor’s stock valued at $5,162,000 after purchasing an additional 1,124 shares in the last quarter. Paradigm Financial Partners LLC raised its position in Visa by 1.3% during the 4th quarter. Paradigm Financial Partners LLC now owns 25,232 shares of the credit-card processor’s stock valued at $6,569,000 after purchasing an additional 315 shares in the last quarter. Finally, Stonebrook Private Inc. bought a new stake in Visa during the 4th quarter valued at $2,074,000. 82.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on V. Raymond James lifted their price target on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Wells Fargo & Company lifted their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. KeyCorp lifted their price target on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Evercore ISI lifted their price target on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Mizuho restated a “neutral” rating and set a $265.00 target price on shares of Visa in a research note on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $302.58.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was 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 directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $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 worth $5,506,827. Corporate insiders own 0.19% of the company’s stock.

Visa Price Performance

NYSE V traded down $0.64 during trading hours on Friday, reaching $274.52. The company’s stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. The firm has a market capitalization 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. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.45. The company’s 50-day moving average is $279.24 and its two-hundred day moving average is $264.52.

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

Visa Dividend Announcement

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

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.