Sutton Place Investors LLC Acquires 93 Shares of Visa Inc. (NYSE:V)

Sutton Place Investors LLC lifted its position in Visa Inc. (NYSE:V) by 10.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,019 shares of the credit-card processor’s stock after acquiring an additional 93 shares during the period. Sutton Place Investors LLC’s holdings in Visa were worth $322,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Czech National Bank lifted its holdings in Visa by 13.4% during the 3rd quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock valued at $93,548,000 after buying an additional 40,268 shares in the last quarter. Security National Bank grew its position in shares of Visa by 0.4% in the 3rd quarter. Security National Bank now owns 38,642 shares of the credit-card processor’s stock worth $10,625,000 after buying an additional 149 shares during the last quarter. Greenfield Savings Bank grew its position in shares of Visa by 4.7% in the 3rd quarter. Greenfield Savings Bank now owns 5,255 shares of the credit-card processor’s stock worth $1,445,000 after buying an additional 235 shares during the last quarter. Versant Capital Management Inc boosted its stake in Visa by 6.8% in the 3rd quarter. Versant Capital Management Inc now owns 3,668 shares of the credit-card processor’s stock worth $1,009,000 after purchasing an additional 234 shares in the last quarter. Finally, Ignite Planners LLC boosted its stake in Visa by 3.6% in the 3rd quarter. Ignite Planners LLC now owns 2,822 shares of the credit-card processor’s stock worth $776,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,983 shares of company stock valued at $7,213,146. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup upped their target price on shares of Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a report on Friday, January 31st. BMO Capital Markets upped their price objective on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Piper Sandler reissued an “overweight” rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $354.73.

Visa Stock Performance

Shares of Visa stock opened at $345.31 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $643.27 billion, a P/E ratio of 34.81, a P/E/G ratio of 2.30 and a beta of 0.97. The firm’s 50 day moving average is $318.40 and its two-hundred day moving average is $293.81. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $351.25.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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 forecast that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio is currently 23.79%.

Visa Company Profile

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.