Visa Inc. (NYSE:V) Shares Bought by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,722 shares of the credit-card processor’s stock after purchasing an additional 788 shares during the period. Sage Mountain Advisors LLC’s holdings in Visa were worth $2,791,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Townsend Asset Management Corp NC ADV boosted its holdings in shares of Visa by 1.4% during the 4th quarter. Townsend Asset Management Corp NC ADV now owns 31,205 shares of the credit-card processor’s stock worth $8,124,000 after purchasing an additional 432 shares during the last quarter. Monument Capital Management lifted its holdings in Visa by 4.3% in the fourth quarter. Monument Capital Management now owns 6,119 shares of the credit-card processor’s stock valued at $1,593,000 after acquiring an additional 252 shares during the last quarter. Elite Life Management LLC acquired a new position in Visa in the fourth quarter valued at approximately $359,000. Lee Danner & Bass Inc. raised its position in Visa by 0.4% in the fourth quarter. Lee Danner & Bass Inc. now owns 62,127 shares of the credit-card processor’s stock valued at $16,175,000 after purchasing an additional 259 shares during the period. Finally, Diversified LLC raised its position in Visa by 5.0% in the fourth quarter. Diversified LLC now owns 3,361 shares of the credit-card processor’s stock valued at $875,000 after purchasing an additional 160 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on V shares. Wedbush upped their price objective on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. KeyCorp upped their price objective on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 26th. Finally, TD Cowen initiated coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $298.43.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,965 shares of company stock worth $5,256,352. 0.19% of the stock is owned by insiders.

Visa Price Performance

Shares of V opened at $274.23 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a 50-day simple moving average of $279.49 and a 200-day simple moving average of $263.90. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a market capitalization of $503.63 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period last year, the company posted $2.18 EPS. The company’s revenue was up 9.3% on a year-over-year basis. On average, equities research analysts anticipate that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s dividend payout ratio (DPR) is currently 23.94%.

About Visa

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.