J. Safra Sarasin Holding AG Has $19.95 Million Holdings in Visa Inc. (NYSE:V)

J. Safra Sarasin Holding AG increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 77.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,226 shares of the credit-card processor's stock after acquiring an additional 27,501 shares during the period. J. Safra Sarasin Holding AG's holdings in Visa were worth $19,947,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the 4th quarter valued at $27,000. POM Investment Strategies LLC raised its position in Visa by 48.5% in the 4th 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 last quarter. Modus Advisors LLC bought a new position in Visa in the 4th quarter valued at $32,000. Finally, Compass Planning Associates Inc acquired a new position in Visa in the fourth quarter worth $32,000. Institutional investors own 82.15% of the company's stock.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. This represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. In 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 insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Piper Sandler reiterated an "overweight" rating and set a $383.00 target price (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Raymond James reissued an "outperform" rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Oppenheimer restated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Citigroup reiterated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $355.84.

Visa Stock Up 0.5 %

Shares of V stock traded up $1.51 during trading on Thursday, reaching $335.88. The company's stock had a trading volume of 8,049,334 shares, compared to its average volume of 7,230,474. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The business has a fifty day moving average price of $339.19 and a 200-day moving average price of $321.50. The company has a market cap of $623.99 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth 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.

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

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 dividend yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

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.