Silvercrest Asset Management Group LLC Boosts Stake in Visa Inc. (NYSE:V)

Silvercrest Asset Management Group LLC raised its holdings in Visa Inc. (NYSE:V - Free Report) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,443 shares of the credit-card processor's stock after purchasing an additional 20,723 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Visa were worth $51,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of V. Regent Peak Wealth Advisors LLC grew 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 acquiring an additional 121 shares during the period. RMR Wealth Builders lifted its holdings in Visa by 4.5% during the 4th quarter. RMR Wealth Builders now owns 15,885 shares of the credit-card processor's stock worth $5,020,000 after purchasing an additional 677 shares in the last quarter. Community Trust & Investment Co. lifted its holdings in Visa by 1.0% during the 4th quarter. Community Trust & Investment Co. now owns 124,910 shares of the credit-card processor's stock worth $39,477,000 after purchasing an additional 1,201 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Visa by 5.7% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 29,138 shares of the credit-card processor's stock worth $9,209,000 after purchasing an additional 1,565 shares in the last quarter. Finally, Rockland Trust Co. lifted its holdings in Visa by 1.0% during the 4th quarter. Rockland Trust Co. now owns 135,938 shares of the credit-card processor's stock worth $42,962,000 after purchasing an additional 1,381 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on V shares. Piper Sandler increased their price objective on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Evercore ISI initiated coverage on Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target on the stock. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Bank of America raised their price target on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, Citigroup reaffirmed a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and an average target price of $362.38.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel now owns 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock worth $41,548,282 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

Visa Trading Up 0.7%

Shares of V stock traded up $2.64 during trading hours on Monday, reaching $367.76. The company's stock had a trading volume of 5,078,923 shares, compared to its average volume of 7,018,383. The stock has a market capitalization of $678.58 billion, a P/E ratio of 37.07, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a one year low of $252.70 and a one year high of $369.09. The firm's fifty day simple moving average is $338.59 and its 200 day simple moving average is $329.89. 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 (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $2.51 EPS. Equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. Visa's dividend payout ratio is presently 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.