Visa Inc. (NYSE:V) Shares Acquired by Sunpointe LLC

Sunpointe LLC increased its position in shares of Visa Inc. (NYSE:V) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,237 shares of the credit-card processor’s stock after purchasing an additional 154 shares during the quarter. Sunpointe LLC’s holdings in Visa were worth $1,339,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of V. Swedbank AB increased its stake in shares of Visa by 10.7% during the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock worth $566,153,000 after purchasing an additional 199,440 shares in the last quarter. Howard Capital Management Group LLC increased its stake in shares of Visa by 0.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after purchasing an additional 610 shares in the last quarter. Monte Financial Group LLC increased its stake in shares of Visa by 2.9% during the 3rd quarter. Monte Financial Group LLC now owns 5,567 shares of the credit-card processor’s stock worth $1,531,000 after purchasing an additional 155 shares in the last quarter. RAM Investment Partners LLC grew its stake in Visa by 3.5% in the 3rd quarter. RAM Investment Partners LLC now owns 1,904 shares of the credit-card processor’s stock worth $524,000 after acquiring an additional 64 shares during the period. Finally, McAdam LLC grew its stake in Visa by 2.9% in the 3rd quarter. McAdam LLC now owns 3,345 shares of the credit-card processor’s stock worth $920,000 after acquiring an additional 95 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,885 shares of company stock worth $19,161,447. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. The Goldman Sachs Group lifted their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. UBS Group lifted their target price on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus price target of $355.31.

Visa Stock Down 0.6 %

V stock opened at $348.27 on Friday. The firm has a market cap of $647.01 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.36 and a beta of 0.97. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $357.15. The firm has a fifty day moving average price of $329.14 and a two-hundred day moving average price of $302.03. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

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

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is 23.79%.

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.