SageGuard Financial Group LLC Buys New Holdings in Visa Inc. $V

SageGuard Financial Group LLC bought a new stake in shares of Visa Inc. (NYSE:VFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,758 shares of the credit-card processor’s stock, valued at approximately $616,000.

Several other institutional investors also recently bought and sold shares of V. Clayton Financial Group LLC boosted its holdings in shares of Visa by 446.2% during the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after purchasing an additional 58 shares during the period. Parvin Asset Management LLC boosted its holdings in shares of Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares during the period. PayPay Securities Corp boosted its holdings in shares of Visa by 102.7% during the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 38 shares during the period. Dorato Capital Management purchased a new stake in shares of Visa during the fourth quarter worth about $30,000. Finally, Imprint Wealth LLC purchased a new stake in shares of Visa during the third quarter worth about $39,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Up 0.4%

NYSE:V opened at $311.05 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The stock has a market cap of $564.61 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 1.78 and a beta of 0.80. The company has a 50-day moving average price of $310.27 and a 200-day moving average price of $328.58. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $375.51.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating the consensus estimate of $3.14 by $0.03. The business had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.75 earnings per share. Equities analysts predict that Visa Inc. will post 12.84 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 annualized dividend and a yield of 0.9%. Visa’s dividend payout ratio (DPR) is currently 25.14%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $395.00 target price on shares of Visa in a report on Friday, January 30th. Piper Sandler set a $160.00 target price on shares of Visa in a research report on Wednesday, January 28th. Loop Capital began coverage on shares of Visa in a research report on Tuesday, March 31st. They issued a “buy” rating and a $387.00 target price for the company. Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $410.00 target price on shares of Visa in a research report on Friday, January 30th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Visa in a research report on Friday, January 30th. Six research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $388.25.

View Our Latest Report on V

Visa News Roundup

Here are the key news stories impacting Visa this week:

Insider Buying and Selling

In other Visa news, Director Lloyd Carney sold 650 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the transaction, the director owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.12% of the company’s stock.

Visa Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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