Keener Financial Planning LLC Makes New $169,000 Investment in Visa Inc. (NYSE:V)

Keener Financial Planning LLC acquired a new position in Visa Inc. (NYSE:V) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 651 shares of the credit-card processor’s stock, valued at approximately $169,000.

A number of other institutional investors and hedge funds also recently modified their holdings of V. GoalVest Advisory LLC boosted its holdings in Visa by 3.4% in the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after purchasing an additional 40 shares during the period. Destiny Wealth Partners LLC lifted its stake in shares of Visa by 2.5% in the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock valued at $433,000 after buying an additional 40 shares during the period. Sunflower Bank N.A. increased its stake in Visa by 1.3% during the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock valued at $818,000 after acquiring an additional 41 shares during the period. HWG Holdings LP lifted its position in shares of Visa by 18.4% in the 2nd quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock worth $64,000 after acquiring an additional 42 shares during the period. Finally, Parker Financial LLC grew its holdings in shares of Visa by 4.8% during the 4th quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

V has been the subject of several research reports. Monness Crespi & Hardt started coverage on Visa in a research report on Wednesday, December 20th. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods lifted their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. KeyCorp upped their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Finally, Barclays raised their target price on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $296.87.

Visa Price Performance

Shares of V stock opened at $275.54 on Friday. The firm’s 50 day moving average price is $280.15 and its two-hundred day moving average price is $261.17. The stock has a market cap of $506.03 billion, a PE ratio of 31.71, a PEG ratio of 1.90 and a beta of 0.96. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.18 earnings per share. As a group, analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Activity at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Visa news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold 55,511 shares of company stock worth $15,131,081 in the last ninety days. Company insiders own 0.19% of the company’s stock.

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.