Sargent Investment Group LLC Acquires 2,565 Shares of Visa Inc. (NYSE:V)

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

Several other institutional investors and hedge funds have also made changes to their positions in V. Cassia Capital Partners LLC grew its holdings in Visa by 32.8% during the 4th quarter. Cassia Capital Partners LLC now owns 3,589 shares of the credit-card processor’s stock worth $1,134,000 after acquiring an additional 886 shares in the last quarter. Ninety One SA PTY Ltd boosted its stake in shares of Visa by 3.1% during the fourth quarter. Ninety One SA PTY Ltd now owns 44,759 shares of the credit-card processor’s stock valued at $14,146,000 after purchasing an additional 1,358 shares in the last quarter. Bay Harbor Wealth Management LLC increased its holdings in Visa by 49.7% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 509 shares of the credit-card processor’s stock valued at $161,000 after buying an additional 169 shares during the period. Welch Group LLC lifted its holdings in Visa by 1.0% during the fourth quarter. Welch Group LLC now owns 31,446 shares of the credit-card processor’s stock worth $9,915,000 after buying an additional 308 shares during the period. Finally, Brown Lisle Cummings Inc. boosted its position in Visa by 4.1% during the 4th quarter. Brown Lisle Cummings Inc. now owns 8,705 shares of the credit-card processor’s stock valued at $2,751,000 after acquiring an additional 343 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction 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 transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,056 shares of company stock worth $19,830,050. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on V shares. William Blair restated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. BMO Capital Markets lifted their price objective on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Citigroup raised their price objective on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $354.73.

Visa Stock Performance

V opened at $348.26 on Friday. The firm’s fifty day simple moving average is $320.41 and its two-hundred day simple moving average is $295.12. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.25. The company has a market cap 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 quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

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.