New Age Alpha Advisors LLC Significantly Expands Its Stake in Visa Inc.

New Age Alpha Advisors LLC has dramatically increased its holdings in Visa Inc. (NYSE:V) by an astounding 44,126.7% during the fourth quarter, as noted in the latest 13F filing with the Securities and Exchange Commission. The institutional investor now owns a total of 33,170 shares of Visa's stock after acquiring an additional 33,095 shares during this period. The total value of New Age Alpha Advisors LLC's holdings in Visa is approximately $10,483,000 based on the recent filing with the SEC.

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Other institutional investors have also made significant adjustments to their positions in Visa recently. For example, Decker Retirement Planning Inc. established a new stake valued at $26,000 in Visa during the fourth quarter. Similarly, Bradley & Co. Private Wealth Management LLC invested around $27,000 in new shares of Visa in the same period. POM Investment Strategies LLC increased its investment in Visa by 48.5%, now owning 98 shares worth about $31,000 after adding 32 shares last quarter. In addition, Modus Advisors LLC and Compass Planning Associates Inc. each purchased new positions in Visa, with investments of approximately $32,000 in both cases. As it stands, institutional ownership in the company amounts to 82.15% of the total stock.

Analyst Ratings and Insights

Several analysts have reviewed Visa's shares, providing various recommendations. On December 18th, Morgan Stanley raised their target price for Visa from $326.00 to $371.00 and assigned an "overweight" rating. Bank of America also increased their price target from $331.00 to $363.00 and gave the stock a "neutral" rating. Additionally, JPMorgan Chase & Co. revised their price target upwards from $340.00 to $375.00 with an "overweight" designation. Piper Sandler reaffirmed their "overweight" rating while updating their price target to $383.00 from a previous $368.00. On the other hand, Keefe, Bruyette & Woods maintained a "hold" rating in a note on February 13th. According to MarketBeat.com, five analysts rated Visa as a hold, twenty-three recommended it as a buy, and one analyst gave it a strong buy rating. The stock currently holds a consensus rating of "Moderate Buy" with an average target price of $355.84.

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Explore our Latest Stock Analysis on Visa

Visa Insider Activities

In recent insider transactions, CAO Peter M. Andreski sold 2,332 shares of Visa on February 7th at an average price of $349.62, resulting in total proceeds of $815,313.84. After this sale, Andreski retained 4,488 shares valued at around $1,569,094.56, reflecting a 34.19% reduction in his holdings. This transaction was reported in a document submitted to the Securities and Exchange Commission, which is accessible on their website. Furthermore, Paul D. Fabara, another insider, sold 39,350 shares on March 14th at an average price of $327.20, totaling $12,875,320.00. Following this sale, Fabara owned 26,413 shares with a value of approximately $8,642,333.60, marking a 59.84% decrease in ownership. In total, insiders sold approximately 143,205 shares of Visa worth around $48,560,961 over the past ninety days. Currently, corporate insiders hold just 0.13% of the company’s stock.

Visa's Stock Performance

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Visa's stock opened recently at $349.82. The company has a 50-day moving average of $343.15 and a 200-day average of $314.66. Over the past year, Visa has seen a low of $252.70 and a high of $366.54. The market cap for Visa stands at approximately $649.89 billion, with a P/E ratio of 35.26, a P/E/G ratio of 2.33, and a beta of 0.95. The debt-to-equity ratio is 0.45, while both the current and quick ratios are 1.12.

In its last quarterly earnings report released on January 30th, Visa announced an EPS of $2.75, which exceeded analysts' predictions of $2.66 by $0.09. The company reported a net margin of 54.27%, and a return on equity of 54.79%. Analysts currently expect Visa to achieve an average EPS of 11.3 in the current fiscal year.

Visa's Dividend Information

Recently, Visa declared a quarterly dividend that was paid out on March 3rd. Shareholders on record as of February 11th received a dividend of $0.59. The ex-dividend date was also on February 11th. This dividend represents an annual payout of $2.36, resulting in a dividend yield of 0.67%. Visa's current dividend payout ratio is 23.79%.

Overview of Visa Inc.

Visa Inc. operates as a global payment technology company, facilitating transactions in the United States and internationally. The company manages VisaNet, a network that processes transactions, enabling authorization, clearing, and settlement of payment activities. Visa offers various products including credit, debit, and prepaid cards, as well as services like tap-to-pay, tokenization, and Visa Direct for transferring funds to eligible accounts.

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