Sage Capital Advisors llc Acquires 85 Shares of Visa Inc. $V

Sage Capital Advisors llc boosted its holdings in Visa Inc. (NYSE:V) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,584 shares of the credit-card processor’s stock after acquiring an additional 85 shares during the quarter. Sage Capital Advisors llc’s holdings in Visa were worth $917,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Keystone Global Partners LLC bought a new position in Visa in the 1st quarter valued at approximately $26,000. von Borstel & Associates Inc. bought a new position in shares of Visa during the 1st quarter valued at $27,000. 1 North Wealth Services LLC bought a new position in shares of Visa during the 1st quarter valued at $38,000. Anderson Financial Strategies LLC bought a new position in shares of Visa during the 1st quarter valued at $53,000. Finally, O Brien Wealth Partners LLC bought a new position in shares of Visa during the 1st quarter valued at $54,000. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on V. Barclays reissued an “overweight” rating and set a $408.00 price target (up from $396.00) on shares of Visa in a report on Thursday, July 31st. Oppenheimer increased their price target on Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Macquarie increased their price target on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. The Goldman Sachs Group began coverage on Visa in a report on Monday, June 2nd. They set a “neutral” rating on the stock. Finally, Mizuho raised Visa from a “neutral” rating to an “outperform” rating and increased their price target for the company from $359.00 to $425.00 in a report on Thursday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.96.

Visa Price Performance

Shares of Visa stock opened at $339.33 on Friday. Visa Inc. has a one year low of $268.23 and a one year high of $375.51. The stock’s fifty day moving average is $347.03 and its 200 day moving average is $346.94. The stock has a market cap of $621.92 billion, a P/E ratio of 33.14, a P/E/G ratio of 2.29 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same period last year, the firm earned $2.42 EPS. Visa’s revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa’s dividend payout ratio is presently 23.05%.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares of the company’s stock, valued at $190,001.34. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

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.