Slagle Financial LLC Has $2.16 Million Stock Position in Visa Inc. (NYSE:V)

Slagle Financial LLC boosted its holdings in shares of Visa Inc. (NYSE:V) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,822 shares of the credit-card processor’s stock after acquiring an additional 338 shares during the quarter. Slagle Financial LLC’s holdings in Visa were worth $2,156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of V. denkapparat Operations GmbH purchased a new position in shares of Visa during the 4th quarter valued at $633,000. Premier Fund Managers Ltd grew its stake in Visa by 3.2% in the fourth quarter. Premier Fund Managers Ltd now owns 309,251 shares of the credit-card processor’s stock valued at $97,558,000 after purchasing an additional 9,641 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Visa by 10.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 826,929 shares of the credit-card processor’s stock worth $261,343,000 after purchasing an additional 75,255 shares during the last quarter. Broadway Wealth Solutions Inc. acquired a new position in Visa in the fourth quarter worth approximately $419,000. Finally, New Age Alpha Advisors LLC raised its position in Visa by 44,126.7% during the fourth quarter. New Age Alpha Advisors LLC now owns 33,170 shares of the credit-card processor’s stock valued at $10,483,000 after acquiring an additional 33,095 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Up 1.6 %

Shares of NYSE:V opened at $349.82 on Friday. The company’s fifty day moving average is $343.15 and its 200-day moving average is $314.66. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a market capitalization of $649.89 billion, a PE ratio of 35.26, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS 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 research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa’s dividend payout ratio is 23.79%.

Analyst Upgrades and Downgrades

Several research firms have commented on V. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Citigroup reiterated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Bank of America upped their price target on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Barclays lifted their price objective on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, UBS Group increased their target price on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average target price of $355.84.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is currently owned by insiders.

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.