SageView Advisory Group LLC Boosts Stake in Visa Inc. (NYSE:V)

SageView Advisory Group LLC raised its holdings in shares of Visa Inc. (NYSE:VFree Report) by 40.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,137 shares of the credit-card processor’s stock after buying an additional 7,236 shares during the quarter. SageView Advisory Group LLC’s holdings in Visa were worth $6,967,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of Visa by 8.7% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,347 shares of the credit-card processor’s stock valued at $310,000 after acquiring an additional 108 shares during the last quarter. Kestra Advisory Services LLC raised its position in Visa by 14.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 160,748 shares of the credit-card processor’s stock valued at $36,974,000 after purchasing an additional 20,470 shares during the last quarter. Excalibur Management Corp raised its position in Visa by 1.3% during the 3rd quarter. Excalibur Management Corp now owns 14,214 shares of the credit-card processor’s stock valued at $3,269,000 after purchasing an additional 183 shares during the last quarter. Financial Engines Advisors L.L.C. raised its position in Visa by 2.8% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,747 shares of the credit-card processor’s stock valued at $402,000 after purchasing an additional 48 shares during the last quarter. Finally, Moser Wealth Advisors LLC raised its position in Visa by 2.5% during the 3rd quarter. Moser Wealth Advisors LLC now owns 2,500 shares of the credit-card processor’s stock valued at $575,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

V has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Oppenheimer upped their target price on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Finally, Robert W. Baird upped their price target on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $303.76.

Read Our Latest Stock Analysis on V

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,402 shares of company stock valued at $9,559,382. Company insiders own 0.19% of the company’s stock.

Visa Trading Up 0.0 %

Shares of Visa stock traded up $0.07 during mid-day trading on Friday, hitting $271.26. The stock had a trading volume of 1,989,901 shares, compared to its average volume of 6,227,837. The firm has a 50-day moving average of $274.30 and a two-hundred day moving average of $272.10. Visa Inc. has a 12-month low of $221.37 and a 12-month high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market cap of $496.12 billion, a P/E ratio of 30.18, a price-to-earnings-growth ratio of 1.85 and a beta of 0.97.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.09 EPS. Sell-side analysts forecast that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s payout ratio is currently 23.24%.

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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