KMG Fiduciary Partners LLC Grows Holdings in Visa Inc. (NYSE:V)

KMG Fiduciary Partners LLC raised its position in Visa Inc. (NYSE:V) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,703 shares of the credit-card processor’s stock after purchasing an additional 770 shares during the period. KMG Fiduciary Partners LLC’s holdings in Visa were worth $4,647,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of V. Sterling Financial Group Inc. grew its position in shares of Visa by 4.2% during the fourth quarter. Sterling Financial Group Inc. now owns 1,066 shares of the credit-card processor’s stock worth $337,000 after buying an additional 43 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in Visa during the 4th quarter valued at $26,000. Occidental Asset Management LLC grew its holdings in Visa by 5.7% during the 4th quarter. Occidental Asset Management LLC now owns 16,604 shares of the credit-card processor’s stock worth $5,248,000 after acquiring an additional 902 shares in the last quarter. Yarbrough Capital LLC increased its position in shares of Visa by 8.2% in the 4th quarter. Yarbrough Capital LLC now owns 47,264 shares of the credit-card processor’s stock worth $14,937,000 after purchasing an additional 3,602 shares during the last quarter. Finally, Empirical Asset Management LLC raised its stake in shares of Visa by 128.1% in the 4th quarter. Empirical Asset Management LLC now owns 113,750 shares of the credit-card processor’s stock valued at $35,950,000 after purchasing an additional 63,871 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

Shares of NYSE:V opened at $319.97 on Friday. The stock has a market cap of $596.06 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 2.06 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $321.61. The stock’s 50 day moving average price is $313.16 and its 200 day moving average price is $288.06.

Visa (NYSE:V) last posted its quarterly earnings data 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. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the business earned $2.33 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc. will post 11.22 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. Visa’s dividend payout ratio (DPR) is 24.25%.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was 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.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on V. Morgan Stanley boosted their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Barclays upped their price target on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Piper Sandler lifted their price objective on shares of Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. Finally, 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. Four 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.92.

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.