Sargent Investment Group LLC Raises Holdings in Visa Inc. (NYSE:V)

Sargent Investment Group LLC grew its stake in shares of Visa Inc. (NYSE:V) by 80.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,745 shares of the credit-card processor’s stock after purchasing an additional 2,565 shares during the quarter. Sargent Investment Group LLC’s holdings in Visa were worth $1,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in V. Peterson Financial Group Inc. bought a new stake in shares of Visa during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in Visa during the 4th quarter valued at approximately $26,000. Reston Wealth Management LLC bought a new position in shares of Visa in the 3rd quarter worth approximately $31,000. Modus Advisors LLC purchased a new position in shares of Visa in the 4th quarter valued at approximately $32,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Visa during the fourth quarter valued at approximately $44,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.2 %

Shares of V stock opened at $348.26 on Friday. The company’s fifty day moving average price is $320.41 and its 200-day moving average price is $295.12. Visa Inc. has a one year low of $252.70 and a one year high of $351.25. The company has a market capitalization of $648.77 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Sell-side analysts expect that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio is currently 23.79%.

Analyst Ratings Changes

A number of analysts have recently commented on V shares. Citigroup boosted their target price on shares of Visa from $354.00 to $393.00 and gave the company a “buy” rating in a report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $383.00 target price (up from $368.00) on shares of Visa in a report on Friday, January 31st. Keefe, Bruyette & Woods upped their price target on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. TD Cowen lifted their price objective on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company increased their target price on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,056 shares of company stock worth $19,830,050. Insiders own 0.13% of the company’s stock.

Visa Company 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.