SFG Wealth Management LLC. lowered its position in Visa Inc. (NYSE:V - Free Report) by 93.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,482 shares of the credit-card processor's stock after selling 19,593 shares during the quarter. SFG Wealth Management LLC.'s holdings in Visa were worth $468,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of V. Unionview LLC raised its holdings in Visa by 1.5% in the 3rd quarter. Unionview LLC now owns 2,296 shares of the credit-card processor's stock valued at $631,000 after acquiring an additional 33 shares in the last quarter. Forza Wealth Management LLC raised its stake in shares of Visa by 2.9% in the fourth quarter. Forza Wealth Management LLC now owns 1,164 shares of the credit-card processor's stock worth $368,000 after acquiring an additional 33 shares during the last quarter. Presilium Private Wealth LLC raised its stake in shares of Visa by 2.2% in the fourth quarter. Presilium Private Wealth LLC now owns 1,503 shares of the credit-card processor's stock worth $475,000 after acquiring an additional 33 shares during the last quarter. FWG Holdings LLC raised its stake in shares of Visa by 1.1% in the third quarter. FWG Holdings LLC now owns 3,168 shares of the credit-card processor's stock worth $900,000 after acquiring an additional 34 shares during the last quarter. Finally, St. Louis Trust Co raised its holdings in Visa by 0.9% during the 3rd quarter. St. Louis Trust Co now owns 3,885 shares of the credit-card processor's stock worth $1,068,000 after purchasing an additional 34 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
V has been the subject of several research reports. Keefe, Bruyette & Woods increased their price objective on shares of Visa from $335.00 to $360.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Piper Sandler boosted their price target on Visa from $319.00 to $322.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Visa from $300.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Finally, Barclays boosted their price objective on Visa from $319.00 to $347.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Visa has an average rating of "Moderate Buy" and an average target price of $332.81.
Get Our Latest Stock Analysis on V
Insiders Place Their Bets
In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company's stock in a transaction dated 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 directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction 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. Insiders own 0.13% of the company's stock.
Visa Price Performance
Shares of V stock traded up $0.68 during mid-day trading on Wednesday, reaching $324.31. The stock had a trading volume of 2,997,574 shares, compared to its average volume of 5,517,379. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The business has a 50-day simple moving average of $313.86 and a 200 day simple moving average of $289.47. The company has a market cap of $604.16 billion, a P/E ratio of 33.33, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $325.74.
Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the prior year, the business earned $2.33 EPS. Visa's quarterly revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current year.
Visa Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio is presently 24.25%.
Visa Company Profile
(
Free Report)
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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