SageView Advisory Group LLC Has $6.97 Million Stake in Visa Inc. (NYSE:V)

SageView Advisory Group LLC raised its holdings in Visa Inc. (NYSE:VFree Report) by 40.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,137 shares of the credit-card processor’s stock after buying an additional 7,236 shares during the quarter. SageView Advisory Group LLC’s holdings in Visa were worth $6,967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Nadler Financial Group Inc. grew its holdings in shares of Visa by 2.4% during the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after purchasing an additional 44 shares in the last quarter. Towerpoint Wealth LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $216,000. Andrew Hill Investment Advisors Inc. acquired a new stake in shares of Visa during the 4th quarter worth approximately $3,427,000. Richelieu Gestion SA acquired a new stake in shares of Visa during the 4th quarter worth approximately $307,000. Finally, Cooper Financial Group grew its holdings in shares of Visa by 6.4% during the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock worth $2,064,000 after purchasing an additional 476 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Shares of V stock traded down $0.53 during trading hours on Friday, reaching $270.66. The company’s stock had a trading volume of 8,537,260 shares, compared to its average volume of 5,425,052. The firm’s 50 day simple moving average is $274.17 and its 200-day simple moving average is $272.48. The company has a market capitalization of $495.02 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 1.85 and a beta of 0.97. Visa Inc. has a fifty-two week low of $221.37 and a fifty-two week high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

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

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Analyst Ratings Changes

V has been the topic of several recent analyst reports. Wedbush boosted their price target on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Evercore ISI lifted their price objective on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. UBS Group lifted their price objective on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Mizuho lifted their price objective on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $303.76.

View Our Latest Analysis on V

Insider Buying and Selling

In other news, Director Lloyd Carney sold 909 shares of Visa 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 completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated 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 transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Insiders sold a total of 34,402 shares of company stock valued at $9,559,382 in the last three months. Insiders own 0.19% of the company’s stock.

Visa Company 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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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