Stonegate Investment Group LLC Has $81.96 Million Stake in Visa Inc. (NYSE:V)

Stonegate Investment Group LLC reduced its position in shares of Visa Inc. (NYSE:VFree Report) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 314,797 shares of the credit-card processor’s stock after selling 1,444 shares during the period. Visa accounts for about 2.7% of Stonegate Investment Group LLC’s investment portfolio, making the stock its 10th largest holding. Stonegate Investment Group LLC’s holdings in Visa were worth $81,957,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of V. BCK Partners Inc. bought a new position in shares of Visa in the first quarter worth about $2,717,000. Markel Corp raised its stake in shares of Visa by 0.3% during the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after buying an additional 3,065 shares during the last quarter. AMI Investment Management Inc. bought a new stake in shares of Visa during the first quarter worth approximately $2,323,000. Ergoteles LLC bought a new stake in shares of Visa during the first quarter worth approximately $538,000. Finally, XTX Topco Ltd bought a new stake in shares of Visa during the first quarter worth approximately $1,496,000. 82.15% of the stock is owned by institutional investors.

Visa Stock Down 0.5 %

Visa stock opened at $276.96 on Thursday. 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 Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The firm has a 50 day moving average price of $279.87 and a two-hundred day moving average price of $259.82. The firm has a market cap of $508.64 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 1.92 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.18 EPS. Equities analysts predict that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is 23.94%.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent research reports. Mizuho reissued a “neutral” rating and set a $265.00 price target on shares of Visa in a research note on Wednesday, March 27th. Royal Bank of Canada upped their price target on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. UBS Group upped their price target on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a report on Friday, January 26th. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Finally, KeyCorp boosted their price objective on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $295.82.

Get Our Latest Stock Analysis on Visa

Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were 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 owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders sold a total of 55,511 shares of company stock valued at $15,131,081 in the last quarter. 0.19% of the stock is currently owned by company insiders.

Visa Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.