SYM FINANCIAL Corp Buys New Position in Visa Inc. (NYSE:V)

SYM FINANCIAL Corp purchased a new position in shares of Visa Inc. (NYSE:V) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,123 shares of the credit-card processor’s stock, valued at approximately $292,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. River Global Investors LLP acquired a new position in Visa during the fourth quarter worth about $4,403,000. Connecticut Wealth Management LLC grew its holdings in shares of Visa by 53.9% in the 4th quarter. Connecticut Wealth Management LLC now owns 16,094 shares of the credit-card processor’s stock worth $4,190,000 after acquiring an additional 5,635 shares during the period. Avidian Wealth Solutions LLC increased its stake in Visa by 4.5% in the 4th quarter. Avidian Wealth Solutions LLC now owns 6,511 shares of the credit-card processor’s stock valued at $1,695,000 after purchasing an additional 282 shares in the last quarter. TCG Advisory Services LLC boosted its position in Visa by 12.9% during the fourth quarter. TCG Advisory Services LLC now owns 32,061 shares of the credit-card processor’s stock worth $8,347,000 after purchasing an additional 3,652 shares in the last quarter. Finally, Charles Carroll Financial Partners LLC grew its holdings in Visa by 2.2% in the fourth quarter. Charles Carroll Financial Partners LLC now owns 18,249 shares of the credit-card processor’s stock valued at $4,751,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. Oppenheimer upped their price objective on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Citigroup raised their price target on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Wedbush upped their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Royal Bank of Canada raised their target price on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company upped their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.00.

Visa Stock Up 0.3 %

Shares of V stock traded up $0.88 on Friday, reaching $268.49. 3,862,018 shares of the company’s stock traded hands, compared to its average volume of 6,930,902. The business’s 50 day moving average price is $278.17 and its two-hundred day moving average price is $265.42. The company has a market capitalization of $493.08 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 1.83 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. Visa Inc. has a 12-month low of $216.14 and a 12-month 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 analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts forecast that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insiders Place Their Bets

In related news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were 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 approximately $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders sold 11,724 shares of company stock valued at $3,278,698 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

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.