Sfmg LLC Has $5.58 Million Stock Position in Visa Inc. (NYSE:V)

Sfmg LLC raised its position in Visa Inc. (NYSE:V) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,423 shares of the credit-card processor’s stock after acquiring an additional 528 shares during the period. Visa comprises approximately 0.5% of Sfmg LLC’s holdings, making the stock its 24th largest holding. Sfmg LLC’s holdings in Visa were worth $5,577,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Phoenix Wealth Advisors acquired a new position in shares of Visa in the 4th quarter worth approximately $205,000. Rothschild & Co Wealth Management UK Ltd raised its holdings in shares of Visa by 3.2% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 53,014 shares of the credit-card processor’s stock worth $13,802,000 after buying an additional 1,627 shares in the last quarter. Duncker Streett & Co. Inc. increased its holdings in Visa by 2.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 12,435 shares of the credit-card processor’s stock valued at $3,237,000 after purchasing an additional 245 shares in the last quarter. Scissortail Wealth Management LLC increased its holdings in Visa by 150.5% during the 4th quarter. Scissortail Wealth Management LLC now owns 4,715 shares of the credit-card processor’s stock valued at $1,290,000 after purchasing an additional 2,833 shares in the last quarter. Finally, First Interstate Bank increased its holdings in Visa by 3.6% during the 4th quarter. First Interstate Bank now owns 4,302 shares of the credit-card processor’s stock valued at $1,120,000 after purchasing an additional 148 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on V. TD Cowen began coverage on Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 price target for the company. Citigroup raised their price target on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a report on Thursday, January 18th. KeyCorp raised their price target on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Evercore ISI raised their price target on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Susquehanna raised their price target on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

Visa Stock Down 0.5 %

NYSE:V opened at $271.37 on Friday. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market cap of $498.37 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.88 and a beta of 0.96. The stock has a 50-day moving average price of $279.71 and a two-hundred day moving average price of $262.62.

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

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.77%. Visa’s payout ratio is presently 23.94%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was 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 owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,965 shares of company stock worth $5,256,352. Corporate insiders own 0.19% of the company’s stock.

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.