Financial Enhancement Group LLC Increases Stock Position in Visa Inc. (NYSE:V)

Financial Enhancement Group LLC raised its stake in Visa Inc. (NYSE:V) by 33.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,979 shares of the credit-card processor’s stock after acquiring an additional 9,951 shares during the period. Visa accounts for approximately 1.9% of Financial Enhancement Group LLC’s portfolio, making the stock its 15th largest position. Financial Enhancement Group LLC’s holdings in Visa were worth $12,270,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in V. Flywheel Private Wealth LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $326,000. Rovin Capital UT ADV acquired a new stake in Visa during the 4th quarter worth $272,000. Outlook Wealth Advisors LLC boosted its stake in Visa by 6.5% during the 4th quarter. Outlook Wealth Advisors LLC now owns 4,491 shares of the credit-card processor’s stock worth $1,419,000 after purchasing an additional 273 shares during the period. Essex Savings Bank grew its position in Visa by 1.1% during the 4th quarter. Essex Savings Bank now owns 15,603 shares of the credit-card processor’s stock worth $4,931,000 after purchasing an additional 174 shares during the last quarter. Finally, Sagace Wealth Management LLC increased its stake in Visa by 10.5% in the fourth quarter. Sagace Wealth Management LLC now owns 1,737 shares of the credit-card processor’s stock valued at $549,000 after purchasing an additional 165 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of a number of research reports. Piper Sandler raised their price target on Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Barclays lifted their target price on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Oppenheimer increased their price target on Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, TD Cowen boosted their price objective on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $331.92.

Visa Trading Up 0.3 %

Visa stock opened at $317.10 on Friday. The stock has a 50-day moving average price of $312.94 and a 200 day moving average price of $287.85. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $321.61. The stock has a market cap of $590.71 billion, a PE ratio of 32.59, a P/E/G ratio of 2.06 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 earnings per share. Equities research analysts predict that Visa Inc. will post 11.22 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.74%. Visa’s payout ratio is 24.25%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, 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. Corporate insiders own 0.13% of the company’s stock.

Visa Company 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.