Sequoia Financial Advisors LLC Buys 71,272 Shares of Visa Inc. (NYSE:V)

Sequoia Financial Advisors LLC lifted its position in Visa Inc. (NYSE:V - Free Report) by 48.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 217,000 shares of the credit-card processor's stock after purchasing an additional 71,272 shares during the period. Sequoia Financial Advisors LLC's holdings in Visa were worth $68,581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new position in Visa during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in shares of Visa during the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa during the fourth quarter valued at approximately $27,000. POM Investment Strategies LLC raised its stake in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares in the last quarter. Finally, Modus Advisors LLC purchased a new stake in Visa during the fourth quarter worth $32,000. Institutional investors own 82.15% of the company's stock.

Visa Stock Down 2.8 %

NYSE:V opened at $331.93 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company's fifty day moving average price is $337.01 and its 200-day moving average price is $309.89. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The firm has a market capitalization of $616.65 billion, a P/E ratio of 33.46, a PEG ratio of 2.33 and a beta of 0.95.

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Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results 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 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 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Analysts Set New Price Targets

A number of research 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. Morgan Stanley lifted their target price on Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. UBS Group increased their price target on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company increased their target price on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $353.96.

Insider Buying and Selling at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,505 shares of company stock valued at $22,290,507. 0.13% of the stock is owned by company insiders.

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.

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