Bogart Wealth LLC Acquires 1,884 Shares of Visa Inc. (NYSE:V)

Bogart Wealth LLC raised its stake in Visa Inc. (NYSE:V) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,808 shares of the credit-card processor’s stock after acquiring an additional 1,884 shares during the quarter. Visa makes up approximately 0.9% of Bogart Wealth LLC’s investment portfolio, making the stock its 20th largest position. Bogart Wealth LLC’s holdings in Visa were worth $15,571,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Meridian Wealth Advisors LLC grew its position in Visa by 2.9% during the 4th quarter. Meridian Wealth Advisors LLC now owns 23,950 shares of the credit-card processor’s stock worth $6,235,000 after acquiring an additional 664 shares during the last quarter. RMR Wealth Builders grew its holdings in shares of Visa by 4.5% during the fourth quarter. RMR Wealth Builders now owns 13,295 shares of the credit-card processor’s stock worth $3,461,000 after purchasing an additional 570 shares during the last quarter. EdgeRock Capital LLC increased its stake in shares of Visa by 67.3% in the fourth quarter. EdgeRock Capital LLC now owns 1,671 shares of the credit-card processor’s stock valued at $463,000 after buying an additional 672 shares during the period. Everpar Advisors LLC bought a new position in Visa in the 4th quarter valued at approximately $442,000. Finally, Gryphon Financial Partners LLC grew its holdings in Visa by 53.8% during the 4th quarter. Gryphon Financial Partners LLC now owns 13,640 shares of the credit-card processor’s stock worth $3,282,000 after acquiring an additional 4,774 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on V. William Blair restated an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods raised their price target on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. UBS Group upped their price objective on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Wedbush lifted their target price on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $303.00.

Insiders Place Their Bets

In other Visa news, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Visa news, Director Lloyd Carney sold 909 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

Visa Trading Up 0.2 %

V traded up $0.59 on Thursday, hitting $277.78. 512,795 shares of the company were exchanged, compared to its average volume of 5,860,402. The stock has a market capitalization of $508.04 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The firm has a fifty day simple moving average of $277.81 and a two-hundred day simple moving average of $266.37.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 EPS. Sell-side analysts expect that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

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.