CORDA Investment Management LLC. Increases Stock Holdings in Visa Inc. (NYSE:V)

CORDA Investment Management LLC. increased its holdings in shares of Visa Inc. (NYSE:V) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,696 shares of the credit-card processor’s stock after purchasing an additional 128 shares during the quarter. CORDA Investment Management LLC.’s holdings in Visa were worth $1,800,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in V. Linscomb Wealth Inc. grew its stake in shares of Visa by 1.0% during the 4th quarter. Linscomb Wealth Inc. now owns 40,148 shares of the credit-card processor’s stock valued at $12,688,000 after buying an additional 391 shares during the period. QRG Capital Management Inc. grew its position in Visa by 8.9% during the fourth quarter. QRG Capital Management Inc. now owns 234,873 shares of the credit-card processor’s stock valued at $74,229,000 after acquiring an additional 19,133 shares during the period. AWM Capital LLC increased its stake in Visa by 30.7% during the fourth quarter. AWM Capital LLC now owns 1,040 shares of the credit-card processor’s stock worth $329,000 after acquiring an additional 244 shares during the last quarter. Versor Investments LP purchased a new position in shares of Visa in the 4th quarter worth about $534,000. Finally, Crown Wealth Group LLC lifted its stake in shares of Visa by 1.4% in the 4th quarter. Crown Wealth Group LLC now owns 3,439 shares of the credit-card processor’s stock valued at $1,087,000 after purchasing an additional 47 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 55,885 shares of company stock valued at $19,161,447. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

V has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Raymond James reaffirmed an “outperform” rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Morgan Stanley raised their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Bank of America upped their target price on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Stock Performance

Shares of NYSE V opened at $363.33 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $333.03 and its two-hundred day moving average price is $305.34. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $364.00. The stock has a market capitalization of $674.99 billion, a P/E ratio of 36.63, a P/E/G ratio of 2.33 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 23.79%.

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.