MGO One Seven LLC Has $19.72 Million Holdings in Visa Inc. (NYSE:V)

MGO One Seven LLC boosted its holdings in Visa Inc. (NYSE:V - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,398 shares of the credit-card processor's stock after purchasing an additional 10,307 shares during the quarter. Visa makes up about 0.8% of MGO One Seven LLC's investment portfolio, making the stock its 13th largest holding. MGO One Seven LLC's holdings in Visa were worth $19,720,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new position in shares of Visa in the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa in the fourth quarter worth approximately $27,000. POM Investment Strategies LLC grew its position in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares during the last quarter. Modus Advisors LLC acquired a new position in Visa in the fourth quarter worth approximately $32,000. Finally, Compass Planning Associates Inc acquired a new position in Visa in the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insiders Place Their Bets

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares of the company's stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $194,931. This trade represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,842,490 in the last quarter. Insiders own 0.13% of the company's stock.

Visa Stock Performance

Visa stock traded down $0.21 on Friday, reaching $335.50. 4,451,694 shares of the stock were exchanged, compared to its average volume of 7,211,210. The stock has a market cap of $623.28 billion, a PE ratio of 33.82, a PEG ratio of 2.33 and a beta of 0.94. 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 has a fifty day moving average price of $338.42 and a two-hundred day moving average price of $322.98.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate 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. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is 23.79%.

Analyst Ratings Changes

Several equities analysts have weighed in on V shares. JPMorgan Chase & Co. lifted their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. StockNews.com cut shares of Visa from a "buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Bank of America lifted their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, William Blair reiterated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus price target of $358.17.

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.