Western Financial Corp CA Grows Stock Position in Visa Inc. (NYSE:V)

Western Financial Corp CA increased its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 27.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,340 shares of the credit-card processor’s stock after buying an additional 288 shares during the quarter. Western Financial Corp CA’s holdings in Visa were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new stake in Visa during the third quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the fourth quarter valued at about $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa in the third quarter valued at about $31,000. Modus Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at about $32,000. Finally, West Financial Advisors LLC grew its stake in shares of Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 73 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent research reports. Jefferies Financial Group increased their target price on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their price objective on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a research note on Friday. Finally, BMO Capital Markets raised their price objective on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $354.73.

Check Out Our Latest Stock Analysis on V

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Stock Up 1.2 %

Shares of V stock opened at $345.92 on Tuesday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $351.25. The stock has a market cap of $644.41 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. The business’s fifty day moving average is $317.74 and its 200-day moving average is $293.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12.

Visa (NYSE:V – Get Free Report) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities analysts expect that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Visa Profile

(Free Report)

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.

Further Reading

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