St. Clair Advisors LLC Acquires Shares of 2,583 Visa Inc. (NYSE:V)

St. Clair Advisors LLC acquired a new position in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,583 shares of the credit-card processor's stock, valued at approximately $816,000.

A number of other institutional investors and hedge funds have also made changes to their positions in V. Regent Peak Wealth Advisors LLC boosted its stake in shares of Visa by 2.5% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 4,927 shares of the credit-card processor's stock worth $1,557,000 after purchasing an additional 121 shares during the period. Capital & Planning LLC boosted its position in Visa by 21.2% in the 4th quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock valued at $300,000 after buying an additional 166 shares during the period. Woodstock Corp boosted its position in Visa by 0.6% in the 4th quarter. Woodstock Corp now owns 36,844 shares of the credit-card processor's stock valued at $11,644,000 after buying an additional 218 shares during the period. Yarger Wealth Strategies LLC boosted its position in Visa by 14.0% in the 4th quarter. Yarger Wealth Strategies LLC now owns 2,309 shares of the credit-card processor's stock valued at $730,000 after buying an additional 283 shares during the period. Finally, Procyon Advisors LLC boosted its position in Visa by 4.5% in the 4th quarter. Procyon Advisors LLC now owns 68,681 shares of the credit-card processor's stock valued at $21,706,000 after buying an additional 2,943 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at $194,931. This represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 14,813 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at $9,377,671.52. This trade represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on V shares. Oppenheimer reissued an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Barclays boosted their price objective on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. BMO Capital Markets boosted their price objective on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Susquehanna reissued a "positive" rating on shares of Visa in a research report on Friday, March 21st. Finally, Piper Sandler boosted their price target on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $362.38.

Visa Stock Down 0.1%

Shares of NYSE V traded down $0.40 during trading hours on Thursday, hitting $357.90. 4,931,414 shares of the stock were exchanged, compared to its average volume of 7,018,792. 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 company has a market cap of $660.38 billion, a PE ratio of 36.08, a PEG ratio of 2.33 and a beta of 0.96. The firm has a fifty day moving average price of $340.60 and a 200-day moving average price of $330.88. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $369.15.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the previous year, the firm earned $2.51 EPS. Visa's revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. Visa's payout ratio is 23.72%.

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.