Savvy Advisors Inc. Has $3.46 Million Stock Position in Visa Inc. (NYSE:V)

Savvy Advisors Inc. boosted its stake in Visa Inc. (NYSE:V - Free Report) by 108.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,936 shares of the credit-card processor's stock after purchasing an additional 5,699 shares during the quarter. Savvy Advisors Inc.'s holdings in Visa were worth $3,456,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Visa during the 4th quarter worth $5,171,271,000. Vanguard Group Inc. increased its holdings in shares of Visa by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Visa during the fourth quarter worth about $1,955,403,000. Proficio Capital Partners LLC lifted its holdings in shares of Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock valued at $1,248,079,000 after purchasing an additional 3,926,049 shares in the last quarter. Finally, Sanders Capital LLC bought a new position in shares of Visa during the 4th quarter valued at about $623,022,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on V. Bank of America raised their target price on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Wells Fargo & Company increased their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research report on Thursday, February 13th. UBS Group upped their target price on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Finally, Susquehanna reissued a "positive" rating on shares of Visa in a research note on Friday, March 21st. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $355.84.

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Visa Stock Performance

Shares of NYSE V traded up $0.70 during mid-day trading on Tuesday, reaching $335.88. 4,383,107 shares of the company were exchanged, compared to its average volume of 7,242,081. The stock has a market capitalization of $623.98 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company's 50-day simple moving average is $341.89 and its 200-day simple moving average is $319.63. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54.

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

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's 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 completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is owned by company insiders.

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.