HF Advisory Group LLC Acquires 114,732 Shares of Visa Inc. $V

HF Advisory Group LLC raised its holdings in Visa Inc. (NYSE:VFree Report) by 1,125.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 124,929 shares of the credit-card processor’s stock after purchasing an additional 114,732 shares during the quarter. Visa comprises approximately 1.7% of HF Advisory Group LLC’s portfolio, making the stock its 9th largest holding. HF Advisory Group LLC’s holdings in Visa were worth $43,814,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Capital World Investors lifted its stake in shares of Visa by 0.8% in the 3rd quarter. Capital World Investors now owns 24,792,246 shares of the credit-card processor’s stock worth $8,463,484,000 after acquiring an additional 193,288 shares during the period. TCI Fund Management Ltd. increased its stake in Visa by 14.6% in the 2nd quarter. TCI Fund Management Ltd. now owns 19,067,558 shares of the credit-card processor’s stock valued at $6,769,936,000 after purchasing an additional 2,429,996 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Visa by 4.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,114,674 shares of the credit-card processor’s stock worth $4,475,403,000 after buying an additional 530,995 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Visa by 3.3% in the third quarter. Legal & General Group Plc now owns 12,458,913 shares of the credit-card processor’s stock valued at $4,253,224,000 after purchasing an additional 399,845 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Visa by 12.2% during the 3rd quarter. Invesco Ltd. now owns 11,913,505 shares of the credit-card processor’s stock valued at $4,067,032,000 after buying an additional 1,298,435 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Trending Headlines about Visa

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Insider Activity at Visa

In related news, Director Lloyd Carney sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the transaction, the director directly owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. The trade was a 19.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on V shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a report on Wednesday, January 21st. UBS Group reduced their price target on shares of Visa from $425.00 to $390.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Piper Sandler set a $160.00 price target on Visa in a report on Wednesday, January 28th. Bank of America initiated coverage on Visa in a report on Thursday, March 5th. They set a “buy” rating and a $410.00 price objective on the stock. Finally, Loop Capital initiated coverage on Visa in a research note on Tuesday, March 31st. They set a “buy” rating and a $387.00 price objective on the stock. Seven research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Visa presently has an average rating of “Buy” and a consensus target price of $390.96.

Check Out Our Latest Stock Analysis on V

Visa Stock Performance

Shares of V opened at $300.88 on Friday. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $375.51. The stock has a market capitalization of $546.14 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.72 and a beta of 0.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s 50 day moving average is $315.08 and its 200-day moving average is $331.47.

Visa (NYSE:VGet Free Report) last released its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same quarter last year, the company posted $2.75 EPS. Visa’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, February 10th. Visa’s dividend payout ratio is currently 25.14%.

Visa Company Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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