Visa Inc. (NYSE:V) Shares Purchased by SageView Advisory Group LLC

SageView Advisory Group LLC raised its position in Visa Inc. (NYSE:V - Free Report) by 15.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,574 shares of the credit-card processor's stock after acquiring an additional 2,720 shares during the period. SageView Advisory Group LLC's holdings in Visa were worth $6,502,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Riverstone Advisors LLC purchased a new stake in Visa in the 4th quarter valued at approximately $217,000. Journey Strategic Wealth LLC lifted its holdings in shares of Visa by 16.4% in the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock valued at $3,058,000 after buying an additional 1,361 shares during the period. King Wealth Management Group lifted its holdings in shares of Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after buying an additional 6,172 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Visa in the fourth quarter valued at approximately $10,163,000. Finally, Copley Financial Group Inc. acquired a new position in Visa during the third quarter worth $616,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on V shares. Raymond James reissued an "outperform" rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Piper Sandler reiterated an "overweight" rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Finally, William Blair reissued an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus target price of $355.84.

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Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. This represents a 94.14 % decrease in their position. The sale 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 dated Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,991,249.33. This represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Up 0.2 %

NYSE:V traded up $0.70 during trading hours on Tuesday, reaching $335.88. 4,383,107 shares of the company were exchanged, compared to its average volume of 7,242,081. The firm has a market cap of $623.98 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 2.33 and a beta of 0.94. The stock has a 50 day simple moving average of $341.89 and a 200 day simple moving average of $319.63. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last issued its 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, analysts predict that Visa Inc. will post 11.3 EPS 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 payout ratio is currently 23.79%.

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.