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

Slagle Financial LLC lifted its stake in Visa Inc. (NYSE:V) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,822 shares of the credit-card processor’s stock after purchasing an additional 338 shares during the period. Slagle Financial LLC’s holdings in Visa were worth $2,156,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Decker Retirement Planning Inc. bought a new position in shares of Visa during the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the 4th quarter worth $27,000. POM Investment Strategies LLC lifted its holdings in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares in the last quarter. Modus Advisors LLC acquired a new position in Visa in the fourth quarter valued at about $32,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Visa in the fourth quarter worth about $32,000. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

NYSE:V opened at $349.82 on Friday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The firm has a market capitalization of $649.89 billion, a price-to-earnings ratio of 35.26, a P/E/G ratio of 2.33 and a beta of 0.95. The stock’s 50 day moving average price is $343.15 and its two-hundred day moving average price is $314.66. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently announced 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. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Insider Activity at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,205 shares of company stock worth $48,560,961. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a report on Friday. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. The Goldman Sachs Group raised their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Susquehanna reaffirmed a “positive” rating on shares of Visa in a research note on Friday, March 21st. Finally, UBS Group increased their target price on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.84.

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.