Sage Mountain Advisors LLC Purchases 788 Shares of Visa Inc. (NYSE:V)

Sage Mountain Advisors LLC raised its position in Visa Inc. (NYSE:V) by 7.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,722 shares of the credit-card processor’s stock after acquiring 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 filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. GoalVest Advisory LLC grew its position in shares of Visa by 3.4% in the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after purchasing an additional 40 shares in the last quarter. Destiny Wealth Partners LLC grew its position in Visa by 2.5% during the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after buying an additional 40 shares in the last quarter. Sunflower Bank N.A. grew its position in Visa by 1.3% during the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after buying an additional 41 shares in the last quarter. Parker Financial LLC grew its position in Visa by 4.8% during the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after buying an additional 42 shares in the last quarter. Finally, Patron Partners LLC grew its position in Visa by 1.0% during the fourth quarter. Patron Partners LLC now owns 4,295 shares of the credit-card processor’s stock worth $1,118,000 after buying an additional 42 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Mizuho restated a “neutral” rating and set a $265.00 target price on shares of Visa in a research report on Wednesday, March 27th. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 26th. UBS Group boosted their target price on Visa from $305.00 to $315.00 and gave the stock a “buy” 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 report on Monday, January 8th. Finally, Barclays upped their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on 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 completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 18,965 shares of company stock valued at $5,256,352 over the last ninety days. Company insiders own 0.19% of the company’s stock.

Visa Price Performance

Shares of V stock opened at $274.23 on Wednesday. The firm has a market cap of $503.63 billion, a P/E ratio of 31.56, a P/E/G ratio of 1.88 and a beta of 0.96. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The business’s 50 day moving average price is $279.49 and its 200-day moving average price is $263.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

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. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $2.18 EPS. 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 declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s payout ratio is 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.