Sfmg LLC Decreases Stock Holdings in Visa Inc. (NYSE:V)

Sfmg LLC reduced its holdings in shares of Visa Inc. (NYSE:V) by 0.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,624 shares of the credit-card processor’s stock after selling 137 shares during the period. Visa comprises 0.5% of Sfmg LLC’s investment portfolio, making the stock its 26th largest holding. Sfmg LLC’s holdings in Visa were worth $6,834,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Riverstone Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth $217,000. Journey Strategic Wealth LLC lifted its position in shares of Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after purchasing an additional 1,361 shares in the last quarter. King Wealth Management Group lifted its position in shares of Visa by 9.0% during the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock worth $23,663,000 after purchasing an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Visa during the fourth quarter worth $10,163,000. Finally, Copley Financial Group Inc. acquired a new stake in Visa in the third quarter valued at $616,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were 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 directly owns 11,925 shares in the company, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,560,961 in the last quarter. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on V shares. Raymond James reaffirmed an “outperform” rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a report on Friday, January 31st. Wells Fargo & Company upped their price target on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Morgan Stanley upped their price target on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. UBS Group upped their price target on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Stock Down 0.9 %

Visa stock opened at $336.51 on Friday. The stock has a market cap of $625.15 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 2.33 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $340.48 and its two-hundred day moving average price is $312.82. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54.

Visa (NYSE:V) last released its earnings results 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%. On average, analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. Visa’s dividend payout ratio is currently 23.79%.

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.