Southern Style Financial Inc. Invests $232,000 in Visa Inc. (NYSE:V)

Southern Style Financial Inc. bought a new stake in Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 734 shares of the credit-card processor's stock, valued at approximately $232,000. Visa accounts for about 0.2% of Southern Style Financial Inc.'s portfolio, making the stock its 25th biggest position.

Several other institutional investors have also added to or reduced their stakes in V. Mayflower Financial Advisors LLC grew its stake in Visa by 2.2% in the fourth quarter. Mayflower Financial Advisors LLC now owns 11,971 shares of the credit-card processor's stock valued at $3,783,000 after purchasing an additional 257 shares during the last quarter. BSW Wealth Partners boosted its position in Visa by 7.5% during the fourth quarter. BSW Wealth Partners now owns 6,325 shares of the credit-card processor's stock worth $1,999,000 after purchasing an additional 442 shares in the last quarter. Spectrum Planning & Advisory Services Inc. purchased a new stake in shares of Visa during the fourth quarter worth about $205,000. Falcon Wealth Planning lifted its holdings in Visa by 5.4% in the 4th quarter. Falcon Wealth Planning now owns 1,468 shares of the credit-card processor's stock valued at $464,000 after purchasing an additional 75 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its position in shares of Visa by 3.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 13,241 shares of the credit-card processor's stock valued at $4,185,000 after purchasing an additional 479 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Barclays lifted their price objective on shares of Visa from $319.00 to $347.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods increased their price target on shares of Visa from $335.00 to $360.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Piper Sandler upped their price target on shares of Visa from $322.00 to $368.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Finally, BMO Capital Markets lifted their price objective on Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average target price of $335.52.

Visa Stock Up 2.2 %

V opened at $343.26 on Friday. The stock's 50 day moving average price is $316.43 and its 200 day moving average price is $292.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $639.46 billion, a P/E ratio of 35.28, a P/E/G ratio of 2.27 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $344.44.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. As a group, research analysts predict that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa's dividend payout ratio is currently 24.25%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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.