Sand Hill Global Advisors LLC Has $16.20 Million Stock Position in Visa Inc. (NYSE:V)

Sand Hill Global Advisors LLC decreased its holdings in Visa Inc. (NYSE:V - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,258 shares of the credit-card processor's stock after selling 11,702 shares during the quarter. Visa comprises 0.7% of Sand Hill Global Advisors LLC's investment portfolio, making the stock its 23rd largest holding. Sand Hill Global Advisors LLC's holdings in Visa were worth $16,199,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new position in Visa during the 4th quarter worth $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC lifted its position in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares during the period. Modus Advisors LLC purchased a new stake in Visa in the 4th quarter valued at approximately $32,000. Finally, Compass Planning Associates Inc acquired a new position in Visa during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,842,490 over the last ninety days. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

V traded up $9.08 on Friday, reaching $333.69. The company had a trading volume of 6,802,196 shares, compared to its average volume of 7,281,557. The company has a market capitalization of $619.91 billion, a P/E ratio of 33.64, a PEG ratio of 2.33 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average of $342.40 and a 200-day moving average of $318.76. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is presently 23.79%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on V shares. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a report on Thursday, February 13th. Bank of America increased their target price on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Piper Sandler reissued an "overweight" rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Finally, Evercore ISI began coverage on Visa in a research report on Wednesday. They set an "in-line" rating and a $330.00 target price on the stock. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $355.84.

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.