Fayez Sarofim & Co Raises Position in Visa Inc. (NYSE:V)

Fayez Sarofim & Co increased its position in shares of Visa Inc. (NYSE:V - Free Report) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,397,604 shares of the credit-card processor's stock after acquiring an additional 108,121 shares during the quarter. Visa accounts for about 2.6% of Fayez Sarofim & Co's holdings, making the stock its 8th largest position. Fayez Sarofim & Co owned approximately 0.18% of Visa worth $1,084,482,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Canal Capital Management LLC increased its holdings in shares of Visa by 0.8% during the 4th quarter. Canal Capital Management LLC now owns 19,949 shares of the credit-card processor's stock worth $6,305,000 after purchasing an additional 161 shares during the period. J. Safra Sarasin Holding AG lifted its position in shares of Visa by 77.0% in the 4th quarter. J. Safra Sarasin Holding AG now owns 63,226 shares of the credit-card processor's stock worth $19,947,000 after acquiring an additional 27,501 shares during the period. Optivise Advisory Services LLC grew its holdings in shares of Visa by 9.6% during the 4th quarter. Optivise Advisory Services LLC now owns 1,298 shares of the credit-card processor's stock worth $410,000 after purchasing an additional 114 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. increased its position in shares of Visa by 5.5% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 564,322 shares of the credit-card processor's stock valued at $178,348,000 after purchasing an additional 29,593 shares during the period. Finally, Wealth Dimensions Group Ltd. lifted its position in Visa by 11.8% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 1,782 shares of the credit-card processor's stock worth $563,000 after purchasing an additional 188 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Up 0.1 %

V stock traded up $0.30 during trading on Friday, reaching $336.01. 2,374,654 shares of the stock were exchanged, compared to its average volume of 6,844,917. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The firm's 50 day moving average is $338.83 and its 200 day moving average is $321.93. The firm has a market cap of $624.23 billion, a P/E ratio of 33.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analyst Weigh In

A number of brokerages have commented on V. UBS Group raised their price target on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Piper Sandler restated an "overweight" rating and set a $383.00 target price (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Susquehanna reiterated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Evercore ISI assumed coverage on Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective for the company. Finally, Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $358.17.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $2,930,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,205 shares of company stock worth $48,842,490. Insiders own 0.13% of the company's stock.

Visa 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.