Zuckerman Investment Group LLC Purchases 393 Shares of Visa Inc. (NYSE:V)

Zuckerman Investment Group LLC increased its stake in shares of Visa Inc. (NYSE:V) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,749 shares of the credit-card processor’s stock after acquiring an additional 393 shares during the quarter. Zuckerman Investment Group LLC’s holdings in Visa were worth $2,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of V. Blue Edge Capital LLC grew its holdings in shares of Visa by 1.6% in the fourth quarter. Blue Edge Capital LLC now owns 19,238 shares of the credit-card processor’s stock valued at $6,080,000 after purchasing an additional 305 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Visa by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 718,317 shares of the credit-card processor’s stock worth $227,017,000 after acquiring an additional 4,027 shares during the period. Legacy Financial Advisors Inc. lifted its position in shares of Visa by 2.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 13,476 shares of the credit-card processor’s stock worth $4,259,000 after purchasing an additional 287 shares in the last quarter. Redwood Park Advisors LLC acquired a new stake in Visa during the fourth quarter worth approximately $122,000. Finally, Scotia Capital Inc. raised its position in Visa by 5.2% during the 4th quarter. Scotia Capital Inc. now owns 1,531,579 shares of the credit-card processor’s stock worth $484,079,000 after buying an additional 75,355 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Price Performance

Shares of NYSE:V opened at $332.36 on Thursday. The business has a 50 day moving average price of $343.06 and a 200 day moving average price of $317.96. The company has a market cap of $617.45 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. 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 earnings results 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 54.27% and a return on equity of 54.79%. Research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $188,186.28. The trade was a 94.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

V has been the subject of several research reports. Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. StockNews.com downgraded Visa from a “buy” rating to a “hold” rating in a report on Monday. Piper Sandler reaffirmed an “overweight” rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $355.84.

Visa 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.