IAG Wealth Partners LLC Has $139,000 Stake in Visa Inc. (NYSE:V)

IAG Wealth Partners LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 25.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 439 shares of the credit-card processor’s stock after buying an additional 89 shares during the quarter. IAG Wealth Partners LLC’s holdings in Visa were worth $139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of V. Peterson Financial Group Inc. bought a new position in Visa during the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. bought a new position in Visa during the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa during the 4th quarter valued at $27,000. POM Investment Strategies LLC lifted its stake in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares in the last quarter. Finally, Modus Advisors LLC bought a new position in Visa during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on V shares. Raymond James restated an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Citigroup reiterated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. StockNews.com cut Visa from a “buy” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,505 shares of company stock valued at $22,290,507. 0.13% of the stock is owned by corporate insiders.

Visa Stock Up 0.3 %

V stock opened at $333.01 on Thursday. 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 has a market capitalization of $618.66 billion, a PE ratio of 33.57, a PEG ratio of 2.33 and a beta of 0.95. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The stock has a 50-day simple moving average of $337.35 and a two-hundred day simple moving average of $310.05.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 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%. On average, equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is 23.79%.

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.