Goodman Advisory Group LLC Grows Stock Position in Visa Inc. (NYSE:V)

Goodman Advisory Group LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 167.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,267 shares of the credit-card processor’s stock after purchasing an additional 3,922 shares during the quarter. Goodman Advisory Group LLC’s holdings in Visa were worth $1,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sfmg LLC increased its holdings in Visa by 2.5% in the 4th quarter. Sfmg LLC now owns 21,423 shares of the credit-card processor’s stock worth $5,577,000 after acquiring an additional 528 shares in the last quarter. Phoenix Wealth Advisors purchased a new stake in Visa in the 4th quarter worth approximately $205,000. Rothschild & Co Wealth Management UK Ltd increased its holdings in Visa by 3.2% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 53,014 shares of the credit-card processor’s stock worth $13,802,000 after acquiring an additional 1,627 shares in the last quarter. Duncker Streett & Co. Inc. increased its holdings in Visa by 2.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 12,435 shares of the credit-card processor’s stock worth $3,237,000 after acquiring an additional 245 shares in the last quarter. Finally, Scissortail Wealth Management LLC increased its holdings in Visa by 150.5% in the 4th quarter. Scissortail Wealth Management LLC now owns 4,715 shares of the credit-card processor’s stock worth $1,290,000 after acquiring an additional 2,833 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed 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 shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,965 shares of company stock worth $5,256,352. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on V. Susquehanna upped their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Citigroup upped their price target on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Raymond James upped their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Wells Fargo & Company upped their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, Mizuho restated a “neutral” rating and issued a $265.00 price target on shares of Visa in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $298.43.

Visa Stock Performance

V stock opened at $271.37 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The business’s fifty day simple moving average is $279.71 and its two-hundred day simple moving average is $262.62. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The firm has a market cap of $498.37 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.88 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.18 earnings per share. Analysts predict that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio is currently 23.94%.

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.