734 Shares in Visa Inc. (NYSE:V) Bought by Southern Style Financial Inc.

Southern Style Financial Inc. acquired a new stake in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 734 shares of the credit-card processor’s stock, valued at approximately $232,000. Visa accounts for about 0.2% of Southern Style Financial Inc.’s holdings, making the stock its 25th biggest position.

A number of other hedge funds have also recently modified their holdings of V. Decker Retirement Planning Inc. purchased a new position in Visa during the fourth quarter valued at $26,000. Peterson Financial Group Inc. bought a new position in shares of Visa during the third quarter valued at $26,000. Modus Advisors LLC purchased a new position in shares of Visa in the 4th quarter worth about $32,000. Reston Wealth Management LLC bought a new position in Visa in the 3rd quarter worth about $31,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in Visa during the 4th quarter valued at about $44,000. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on V. Barclays upped their target price on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Macquarie upped their price objective on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Susquehanna increased their target price on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods boosted their price target on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.52.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Visa Trading Up 2.2 %

Visa stock opened at $343.26 on Friday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $344.44. The firm has a market capitalization of $639.46 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 2.17 and a beta of 0.96. The firm has a 50 day moving average of $316.43 and a 200 day moving average of $292.09. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last announced its quarterly earnings data 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 54.96% and a return on equity of 53.16%. As a group, research analysts predict that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. Visa’s dividend payout ratio is presently 24.25%.

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.