SageView Advisory Group LLC Has $6.97 Million Stock Position in Visa Inc. (NYSE:V)

SageView Advisory Group LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 40.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Altshuler Shaham Ltd bought a new stake in Visa in the third quarter worth about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the fourth quarter valued at approximately $32,000. Valued Wealth Advisors LLC purchased a new position in Visa during the fourth quarter valued at approximately $37,000. Delos Wealth Advisors LLC grew its stake in Visa by 2,500.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor’s stock valued at $41,000 after acquiring an additional 150 shares in the last quarter. Finally, Tidemark LLC purchased a new position in Visa during the fourth quarter valued at approximately $51,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related 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 value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,402 shares of company stock valued at $9,559,382. 0.19% of the stock is currently owned by insiders.

Visa Price Performance

V traded down $1.35 during trading hours on Thursday, hitting $274.23. The company’s stock had a trading volume of 6,108,622 shares, compared to its average volume of 6,326,548. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The business’s 50-day moving average price is $277.12 and its 200-day moving average price is $269.46. The stock has a market cap of $501.55 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 1.89 and a beta of 0.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period in the prior year, the firm earned $2.09 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Analyst Ratings Changes

Several equities analysts recently commented on V shares. Keefe, Bruyette & Woods boosted their price objective on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Wells Fargo & Company boosted their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Robert W. Baird boosted their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Finally, Mizuho boosted their price target on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $303.76.

Visa 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.