Syon Capital LLC Acquires 3,103 Shares of Visa Inc. (NYSE:V)

Syon Capital LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 23.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,486 shares of the credit-card processor’s stock after buying an additional 3,103 shares during the quarter. Syon Capital LLC’s holdings in Visa were worth $4,292,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of V. Cross Staff Investments Inc raised its position in Visa by 4.6% in the fourth quarter. Cross Staff Investments Inc now owns 5,868 shares of the credit-card processor’s stock valued at $1,528,000 after purchasing an additional 258 shares during the last quarter. Roffman Miller Associates Inc. PA raised its position in Visa by 0.9% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 119,296 shares of the credit-card processor’s stock valued at $31,059,000 after purchasing an additional 1,048 shares during the last quarter. Nadler Financial Group Inc. raised its position in Visa by 2.4% in the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after purchasing an additional 44 shares during the last quarter. Channing Global Advisors LLC raised its position in Visa by 1.4% in the fourth quarter. Channing Global Advisors LLC now owns 12,364 shares of the credit-card processor’s stock valued at $3,219,000 after purchasing an additional 165 shares during the last quarter. Finally, Lyell Wealth Management LP raised its position in Visa by 3.2% in the fourth quarter. Lyell Wealth Management LP now owns 42,972 shares of the credit-card processor’s stock valued at $11,188,000 after purchasing an additional 1,326 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent analyst reports. KeyCorp lifted their price objective on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Susquehanna lifted their price objective on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Barclays lifted their target price on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Citigroup lifted their target price on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, TD Cowen started coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price for the company. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $302.58.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock worth $5,256,352 in the last quarter. 0.19% of the stock is owned by company insiders.

Visa Price Performance

NYSE V traded down $0.64 during trading on Friday, reaching $274.52. The company’s stock had a trading volume of 6,814,562 shares, compared to its average volume of 5,899,888. The stock has a market capitalization of $504.16 billion, a PE ratio of 30.67, a P/E/G ratio of 1.90 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.45. The firm has a fifty day moving average of $279.32 and a 200 day moving average of $264.05. Visa Inc. has a one year low of $216.14 and a one year high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.09 EPS. Analysts expect that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

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.