Strategic Global Advisors LLC lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 84.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,064 shares of the credit-card processor's stock after buying an additional 15,108 shares during the period. Visa makes up about 1.9% of Strategic Global Advisors LLC's investment portfolio, making the stock its 13th largest holding. Strategic Global Advisors LLC's holdings in Visa were worth $10,450,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Strategic Wealth Partners Ltd. lifted its holdings in Visa by 6.2% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 38,407 shares of the credit-card processor's stock worth $12,138,000 after purchasing an additional 2,258 shares during the period. Strive Asset Management LLC acquired a new position in Visa during the 4th quarter valued at about $1,941,000. Stuart Chaussee & Associates Inc. raised its position in shares of Visa by 91.9% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 453 shares of the credit-card processor's stock worth $143,000 after buying an additional 217 shares in the last quarter. Tang Capital Management LLC lifted its stake in shares of Visa by 42.2% in the 4th quarter. Tang Capital Management LLC now owns 4,718 shares of the credit-card processor's stock worth $1,491,000 after acquiring an additional 1,400 shares during the period. Finally, Tema Etfs LLC acquired a new stake in shares of Visa in the 4th quarter worth approximately $1,156,000. 82.15% of the stock is owned by institutional investors.
Insider Activity at Visa
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 transaction 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 trade represents a 94.14% decrease in their ownership of the stock. The sale 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 business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $355.04, for a total value of $5,259,207.52. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at $9,377,671.52. This trade represents a 35.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,948 shares of company stock valued at $41,548,282. Company insiders own 0.13% of the company's stock.
Visa Stock Up 0.8%
V stock opened at $365.23 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $673.90 billion, a P/E ratio of 36.82, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company's 50 day simple moving average is $338.59 and its 200-day simple moving average is $329.61.
Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the previous year, the company posted $2.51 EPS. The company's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.
Visa Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. Visa's dividend payout ratio is 23.72%.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. The Goldman Sachs Group increased their price target on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Bank of America upped their price objective on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, UBS Group decreased their target price on Visa from $400.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Six equities research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $362.38.
View Our Latest Analysis on V
Visa Profile
(
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.
Recommended Stories
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Visa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.
While Visa currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
