SteelPeak Wealth LLC Has $7.64 Million Stock Holdings in Visa Inc. (NYSE:V)

SteelPeak Wealth LLC decreased its holdings in Visa Inc. (NYSE:V) by 0.8% during the 4th quarter, HoldingsChannel reports. The firm owned 24,161 shares of the credit-card processor’s stock after selling 206 shares during the quarter. SteelPeak Wealth LLC’s holdings in Visa were worth $7,636,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of V. Decker Retirement Planning Inc. acquired a new position in shares of Visa during the fourth quarter worth $26,000. Peterson Financial Group Inc. acquired a new position in Visa in the 3rd quarter worth about $26,000. Modus Advisors LLC bought a new position in Visa in the fourth quarter valued at about $32,000. Reston Wealth Management LLC acquired a new stake in shares of Visa during the third quarter valued at about $31,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Visa during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

V stock opened at $343.26 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The business has a 50-day simple moving average of $316.43 and a two-hundred day simple moving average of $292.09. The company has a market capitalization of $639.46 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $344.44.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. Research analysts expect that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa’s dividend payout ratio is currently 24.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Mizuho lifted their target price on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Macquarie lifted their price target on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their price objective on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup lifted their target price on Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Jefferies Financial Group raised their price objective on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $335.52.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction 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 sale, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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.