Aspire Private Capital LLC Grows Position in Visa Inc. (NYSE:V)

Aspire Private Capital LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,929 shares of the credit-card processor’s stock after buying an additional 47 shares during the quarter. Aspire Private Capital LLC’s holdings in Visa were worth $1,242,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Verum Partners LLC grew its holdings in shares of Visa by 4.0% during the fourth quarter. Verum Partners LLC now owns 1,622 shares of the credit-card processor’s stock worth $513,000 after buying an additional 62 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in shares of Visa by 500.0% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 6,000 shares of the credit-card processor’s stock valued at $1,896,000 after purchasing an additional 5,000 shares during the period. Howard Capital Management Group LLC grew its holdings in shares of Visa by 0.4% in the fourth quarter. Howard Capital Management Group LLC now owns 106,795 shares of the credit-card processor’s stock valued at $33,751,000 after purchasing an additional 440 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Visa by 1.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 804,973 shares of the credit-card processor’s stock valued at $254,404,000 after purchasing an additional 7,603 shares during the period. Finally, Atomi Financial Group Inc. grew its holdings in shares of Visa by 19.7% in the fourth quarter. Atomi Financial Group Inc. now owns 15,980 shares of the credit-card processor’s stock valued at $5,050,000 after purchasing an additional 2,630 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Up 1.4 %

Shares of NYSE:V opened at $328.18 on Friday. The stock has a market cap of $611.36 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $328.51. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm’s 50 day moving average price is $314.14 and its 200 day moving average price is $289.71.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 earnings per share. As a group, equities research analysts predict that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a $0.59 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.72%. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio is currently 24.25%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on V. Piper Sandler upped their price objective on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Bank of America upped their price objective on shares of Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays upped their target price on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Wells Fargo & Company upped their target price on shares of Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $332.81.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $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. 0.13% of the stock is currently owned by insiders.

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.