SevenBridge Financial Group LLC lifted its stake in Visa Inc. (NYSE:V - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,947 shares of the credit-card processor's stock after acquiring an additional 914 shares during the period. Visa accounts for approximately 1.0% of SevenBridge Financial Group LLC's holdings, making the stock its 25th biggest position. SevenBridge Financial Group LLC's holdings in Visa were worth $5,242,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in V. Riverstone Advisors LLC acquired a new stake in Visa in the 4th quarter valued at about $217,000. Journey Strategic Wealth LLC lifted its stake in Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock valued at $3,058,000 after purchasing an additional 1,361 shares during the last quarter. King Wealth Management Group boosted its holdings in Visa by 9.0% during the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after buying an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Visa in the fourth quarter worth approximately $10,163,000. Finally, Copley Financial Group Inc. bought a new position in shares of Visa in the third quarter valued at $616,000. 82.15% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a research note on Thursday, February 13th. StockNews.com raised Visa from a "hold" rating to a "buy" rating in a research note on Friday, March 28th. The Goldman Sachs Group upped their price objective on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research note on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Visa in a report on Friday, January 31st. Finally, Bank of America boosted their price target on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average price target of $355.84.
Check Out Our Latest Stock Report on V
Visa Stock Performance
Shares of NYSE:V traded down $7.19 during trading on Thursday, reaching $339.14. The stock had a trading volume of 8,786,063 shares, compared to its average volume of 7,162,848. The firm has a market capitalization of $630.04 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. 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 stock has a fifty day simple moving average of $345.14 and a two-hundred day simple moving average of $316.58.
Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data 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 anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. Visa's dividend payout ratio is 23.79%.
Insider Buying and Selling
In other news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on 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 trade represents a 59.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were 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 disclosure for this sale can be found here. Over the last quarter, insiders have 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
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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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