Sage Capital Advisors llc Increases Stake in Visa Inc. (NYSE:V)

Sage Capital Advisors llc increased its position in shares of Visa Inc. (NYSE:VFree Report) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,228 shares of the credit-card processor’s stock after purchasing an additional 119 shares during the quarter. Visa accounts for about 2.6% of Sage Capital Advisors llc’s investment portfolio, making the stock its 6th largest holding. Sage Capital Advisors llc’s holdings in Visa were worth $8,130,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in V. Bath Savings Trust Co boosted its holdings in shares of Visa by 2.1% during the fourth quarter. Bath Savings Trust Co now owns 19,228 shares of the credit-card processor’s stock valued at $5,006,000 after acquiring an additional 397 shares during the period. Osher Van de Voorde Investment Management boosted its holdings in shares of Visa by 5.9% during the fourth quarter. Osher Van de Voorde Investment Management now owns 85,295 shares of the credit-card processor’s stock valued at $22,207,000 after acquiring an additional 4,745 shares during the period. MCIA Inc boosted its holdings in shares of Visa by 10.7% during the fourth quarter. MCIA Inc now owns 4,620 shares of the credit-card processor’s stock valued at $1,213,000 after acquiring an additional 445 shares during the period. BNC Wealth Management LLC boosted its holdings in shares of Visa by 217.1% during the fourth quarter. BNC Wealth Management LLC now owns 14,158 shares of the credit-card processor’s stock valued at $3,686,000 after acquiring an additional 9,693 shares during the period. Finally, Elevated Capital Advisors LLC boosted its holdings in shares of Visa by 3.5% during the fourth quarter. Elevated Capital Advisors LLC now owns 4,736 shares of the credit-card processor’s stock valued at $1,233,000 after acquiring an additional 161 shares during the period. 81.35% of the stock is currently owned by institutional investors.

Visa Stock Down 1.2 %

Shares of Visa stock opened at $283.04 on Friday. The stock has a market capitalization of $519.81 billion, a P/E ratio of 32.57, a PEG ratio of 1.97 and a beta of 0.96. 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 stock has a 50 day moving average price of $275.87 and a two-hundred day moving average price of $256.54. Visa Inc. has a 12-month low of $208.76 and a 12-month high of $289.04.

Visa (NYSE:VGet Free Report) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The firm 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 company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.18 earnings per share. Equities analysts expect that Visa Inc. will post 9.9 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.73%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. KeyCorp upped their price objective on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Raymond James upped their price objective on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Citigroup upped their price objective on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Mizuho upped their price objective on shares of Visa from $243.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $293.30.

View Our Latest Analysis on Visa

Insider Transactions at Visa

In related news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on Friday, January 19th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 47,311 shares of company stock worth $12,832,129 over the last three months. 0.19% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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