Everhart Financial Group Inc. Acquires 836 Shares of Visa Inc. (NYSE:V)

Everhart Financial Group Inc. grew its stake in Visa Inc. (NYSE:V - Free Report) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,069 shares of the credit-card processor's stock after purchasing an additional 836 shares during the quarter. Everhart Financial Group Inc.'s holdings in Visa were worth $3,182,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. International Assets Investment Management LLC increased its position in Visa by 45,189.4% during the third quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor's stock worth $2,683,101,000 after acquiring an additional 9,736,958 shares during the period. State Street Corp increased its position in Visa by 4.5% during the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock worth $21,064,179,000 after acquiring an additional 3,327,977 shares during the period. FMR LLC increased its position in Visa by 6.1% during the third quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock worth $15,702,901,000 after acquiring an additional 3,265,518 shares during the period. Geode Capital Management LLC increased its position in Visa by 7.7% during the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock worth $10,601,135,000 after acquiring an additional 2,772,549 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Visa during the third quarter worth about $268,640,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,885 shares of company stock valued at $19,161,447. 0.13% of the stock is currently owned by company insiders.

Visa Trading Down 0.6 %

Shares of NYSE:V traded down $2.22 during mid-day trading on Friday, reaching $348.27. 6,910,504 shares of the company's stock were exchanged, compared to its average volume of 5,753,988. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $357.15. The firm has a market capitalization of $647.01 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.36 and a beta of 0.97. The business's fifty day moving average price is $328.47 and its 200-day moving average price is $301.39.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Visa from $330.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. UBS Group raised their price target on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. The Goldman Sachs Group raised their price target on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Visa from $300.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Mizuho upped their price target on shares of Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and a consensus target price of $355.31.

Visa Company Profile

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.