DSG Capital Advisors LLC Purchases 2,152 Shares of Visa Inc. $V

DSG Capital Advisors LLC boosted its position in Visa Inc. (NYSE:VFree Report) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,647 shares of the credit-card processor’s stock after buying an additional 2,152 shares during the period. Visa makes up approximately 2.0% of DSG Capital Advisors LLC’s portfolio, making the stock its 14th biggest position. DSG Capital Advisors LLC’s holdings in Visa were worth $13,322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in V. Brighton Jones LLC increased its position in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after buying an additional 4,817 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its position in Visa by 4.6% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock valued at $3,834,000 after buying an additional 477 shares in the last quarter. Matrix Asset Advisors Inc. NY increased its position in Visa by 16.9% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor’s stock valued at $402,000 after buying an additional 164 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its position in Visa by 13.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor’s stock valued at $6,521,000 after buying an additional 2,230 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. BMO Capital Markets assumed coverage on Visa in a research report on Tuesday. They issued an “outperform” rating and a $365.00 target price for the company. Cantor Fitzgerald raised Visa to a “strong-buy” rating in a report on Tuesday, January 27th. UBS Group decreased their price objective on Visa from $425.00 to $390.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Finally, Truist Financial set a $372.00 price objective on Visa in a report on Tuesday, February 10th. Six research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $388.25.

Read Our Latest Research Report on Visa

Visa Stock Performance

Shares of V opened at $311.05 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50 day moving average price of $310.27 and a two-hundred day moving average price of $328.58. The firm has a market capitalization of $564.61 billion, a P/E ratio of 29.18, a P/E/G ratio of 1.78 and a beta of 0.80. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $375.51.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. The firm had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.75 EPS. Equities analysts forecast that Visa Inc. will post 12.84 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. Visa’s dividend payout ratio is currently 25.14%.

Trending Headlines about Visa

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Insider Activity

In other news, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the transaction, the director directly owned 2,679 shares of the company’s stock, valued at $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Visa Company Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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