FCG Investment Co Acquires 229 Shares of Visa Inc. (NYSE:V)

FCG Investment Co lifted its holdings in shares of Visa Inc. (NYSE:V) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,063 shares of the credit-card processor’s stock after purchasing an additional 229 shares during the quarter. FCG Investment Co’s holdings in Visa were worth $652,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Scientech Research LLC raised its stake in shares of Visa by 35.5% during the second quarter. Scientech Research LLC now owns 4,907 shares of the credit-card processor’s stock worth $1,288,000 after acquiring an additional 1,285 shares in the last quarter. Susquehanna International Group Ltd. purchased a new stake in Visa during the second quarter valued at about $241,000. Texas Capital Bank Wealth Management Services Inc grew its stake in shares of Visa by 28.4% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,814 shares of the credit-card processor’s stock valued at $739,000 after buying an additional 623 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Visa by 7.5% in the second quarter. Kathmere Capital Management LLC now owns 10,337 shares of the credit-card processor’s stock worth $2,713,000 after buying an additional 719 shares during the period. Finally, Brick & Kyle Associates lifted its stake in shares of Visa by 5.2% in the 2nd quarter. Brick & Kyle Associates now owns 19,030 shares of the credit-card processor’s stock valued at $4,995,000 after acquiring an additional 935 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

V has been the topic of several recent research reports. TD Cowen raised their price target on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Bank of America lifted their target price on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research note on Wednesday. Robert W. Baird increased their price target on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Piper Sandler increased their target price on shares of Visa from $322.00 to $368.00 and gave the stock an “overweight” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average target price of $334.58.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Trading Up 0.6 %

Shares of Visa stock opened at $330.20 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $615.11 billion, a PE ratio of 33.94, a P/E/G ratio of 2.17 and a beta of 0.96. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $331.09. The company’s fifty day simple moving average is $314.95 and its 200-day simple moving average is $290.42.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the company posted $2.33 earnings per share. Visa’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.59 per share. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. Visa’s dividend payout ratio (DPR) is presently 24.25%.

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.