Visa Inc. (NYSE:V) Stock Holdings Lifted by Sigma Planning Corp

Sigma Planning Corp boosted its position in Visa Inc. (NYSE:V) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,216 shares of the credit-card processor’s stock after purchasing an additional 2,823 shares during the quarter. Sigma Planning Corp’s holdings in Visa were worth $14,484,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of V. Great West Life Assurance Co. Can grew its stake in shares of Visa by 290.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,106,202 shares of the credit-card processor’s stock worth $345,975,000 after purchasing an additional 5,288,239 shares during the last quarter. TCI Fund Management Ltd. boosted its holdings in shares of Visa by 25.3% during the third quarter. TCI Fund Management Ltd. now owns 14,057,890 shares of the credit-card processor’s stock worth $2,811,156,000 after purchasing an additional 2,842,505 shares during the period. Egerton Capital UK LLP acquired a new stake in Visa in the third quarter valued at approximately $422,799,000. FIL Ltd lifted its stake in Visa by 109.1% in the fourth quarter. FIL Ltd now owns 3,915,056 shares of the credit-card processor’s stock valued at $856,340,000 after acquiring an additional 2,042,770 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Visa by 6.2% in the third quarter. Morgan Stanley now owns 33,936,061 shares of the credit-card processor’s stock worth $6,786,197,000 after buying an additional 1,975,972 shares during the last quarter. Hedge funds and other institutional investors own 80.50% of the company’s stock.

Shares of V traded up $1.99 during mid-day trading on Tuesday, hitting $210.31. 213,168 shares of the company’s stock were exchanged, compared to its average volume of 10,284,387. The company has a market cap of $410.59 billion, a PE ratio of 42.58, a P/E/G ratio of 3.80 and a beta of 0.96. Visa Inc. has a 52 week low of $133.93 and a 52 week high of $220.39. The company has a 50-day simple moving average of $205.99 and a 200 day simple moving average of $204.63. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.91 and a quick ratio of 1.91.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 28th. The credit-card processor reported $1.42 EPS for the quarter, beating the consensus estimate of $1.28 by $0.14. The company had revenue of $5.69 billion during the quarter, compared to the consensus estimate of $5.52 billion. Visa had a return on equity of 37.22% and a net margin of 49.74%. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 EPS. On average, analysts anticipate that Visa Inc. will post 5.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 1st. Stockholders of record on Friday, February 12th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Thursday, February 11th. Visa’s payout ratio is presently 25.40%.

Several brokerages have issued reports on V. Raymond James lowered their price target on shares of Visa from $217.00 to $211.00 and set an “outperform” rating on the stock in a report on Thursday, October 29th. Piper Sandler upped their price target on shares of Visa from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 2nd. Credit Suisse Group upped their price target on shares of Visa from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 29th. KeyCorp upped their price target on shares of Visa from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 13th. Finally, Morgan Stanley upped their price target on shares of Visa from $218.00 to $233.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 20th. Five investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $222.64.

In other Visa news, insider Rajat Taneja sold 60,048 shares of the firm’s stock in a transaction on Wednesday, December 30th. The stock was sold at an average price of $220.00, for a total transaction of $13,210,560.00. Following the completion of the sale, the insider now owns 310,904 shares of the company’s stock, valued at approximately $68,398,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction on Monday, November 30th. The stock was sold at an average price of $209.40, for a total value of $1,884,600.00. Following the transaction, the chief executive officer now owns 132,660 shares in the company, valued at approximately $27,779,004. The disclosure for this sale can be found here. In the last three months, insiders sold 82,398 shares of company stock valued at $17,896,223. 0.19% of the stock is currently owned by insiders.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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