Snider Financial Group Grows Stock Position in Visa Inc. (NYSE:V)

Snider Financial Group grew its holdings in shares of Visa Inc. (NYSE:VFree Report) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,008 shares of the credit-card processor’s stock after purchasing an additional 398 shares during the quarter. Snider Financial Group’s holdings in Visa were worth $2,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BCK Partners Inc. purchased a new stake in Visa in the 1st quarter worth approximately $2,717,000. Markel Corp increased its holdings in Visa by 0.3% in the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after acquiring an additional 3,065 shares in the last quarter. AMI Investment Management Inc. purchased a new stake in Visa in the 1st quarter worth approximately $2,323,000. Ergoteles LLC purchased a new stake in Visa in the 1st quarter worth approximately $538,000. Finally, XTX Topco Ltd purchased a new stake in Visa in the 1st quarter worth approximately $1,496,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on V shares. Wells Fargo & Company increased their target price on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Royal Bank of Canada upped their price target on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Raymond James upped their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Citigroup upped their price target on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Redburn Atlantic restated a “neutral” rating and issued a $307.00 price target on shares of Visa in a research note on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.82.

Read Our Latest Stock Report on Visa

Visa Stock Up 0.1 %

Shares of V opened at $278.55 on Wednesday. The company has a market cap of $511.56 billion, a PE ratio of 32.05, a P/E/G ratio of 1.92 and a beta of 0.96. The business has a fifty day moving average of $279.62 and a 200 day moving average of $259.44. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

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

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio is presently 23.94%.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was 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 in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 55,511 shares of company stock worth $15,131,081 over the last three months. 0.19% of the stock is owned by 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

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Institutional Ownership by Quarter for Visa (NYSE:V)

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