Sigma Planning Corp Buys 2,823 Shares of Visa Inc. (NYSE:V)

Sigma Planning Corp boosted its holdings in Visa Inc. (NYSE:V) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,216 shares of the credit-card processor’s stock after purchasing an additional 2,823 shares during the period. Sigma Planning Corp’s holdings in Visa were worth $14,484,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Personal CFO Solutions LLC lifted its position in shares of Visa by 3.3% during the 4th quarter. Personal CFO Solutions LLC now owns 11,371 shares of the credit-card processor’s stock valued at $2,487,000 after buying an additional 366 shares during the last quarter. Pillar Pacific Capital Management LLC lifted its position in shares of Visa by 4.5% during the 4th quarter. Pillar Pacific Capital Management LLC now owns 11,654 shares of the credit-card processor’s stock valued at $2,549,000 after buying an additional 505 shares during the last quarter. WealthPLAN Partners LLC lifted its position in shares of Visa by 79.1% during the 4th quarter. WealthPLAN Partners LLC now owns 9,354 shares of the credit-card processor’s stock valued at $1,957,000 after buying an additional 4,132 shares during the last quarter. Mawer Investment Management Ltd. lifted its position in shares of Visa by 3.4% during the 4th quarter. Mawer Investment Management Ltd. now owns 3,276,692 shares of the credit-card processor’s stock valued at $716,686,000 after buying an additional 106,250 shares during the last quarter. Finally, Princeton Global Asset Management LLC lifted its position in shares of Visa by 2.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,857 shares of the credit-card processor’s stock valued at $5,218,000 after buying an additional 604 shares during the last quarter. 80.50% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on V. BMO Capital Markets dropped their price objective on Visa from $210.00 to $204.00 and set an “outperform” rating on the stock in a report on Thursday, October 29th. KeyCorp increased their price objective on Visa from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, January 13th. Oppenheimer reissued a “buy” rating and set a $212.00 price objective (down previously from $233.00) on shares of Visa in a report on Thursday, October 29th. Sanford C. Bernstein began coverage on Visa in a report on Tuesday, January 26th. They set an “outperform” rating and a $232.00 price objective on the stock. Finally, Raymond James dropped their price objective on Visa from $217.00 to $211.00 and set an “outperform” rating on the stock in a report on Thursday, October 29th. Five investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $222.64.

Shares of Visa stock traded up $1.99 during trading on Tuesday, hitting $210.31. 213,168 shares of the stock traded hands, compared to its average volume of 10,284,387. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.68. The stock has a market cap of $410.59 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 3.80 and a beta of 0.96. The firm’s fifty day moving average is $205.99 and its 200-day moving average is $204.63. Visa Inc. has a 52 week low of $133.93 and a 52 week high of $220.39.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 28th. The credit-card processor reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.14. Visa had a return on equity of 37.22% and a net margin of 49.74%. The business had revenue of $5.69 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same period last year, the company earned $1.46 EPS. Visa’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts forecast that Visa Inc. will post 5.45 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 1st. Shareholders of record on Friday, February 12th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, February 11th. Visa’s dividend payout ratio (DPR) is currently 25.40%.

In other news, insider Rajat Taneja sold 60,048 shares of the firm’s stock in a transaction that occurred on Wednesday, December 30th. The stock was sold at an average price of $220.00, for a total value of $13,210,560.00. Following the completion of the transaction, the insider now owns 310,904 shares in the company, valued at approximately $68,398,880. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO James H. Hoffmeister sold 2,157 shares of the firm’s stock in a transaction that occurred on Wednesday, December 2nd. The shares were sold at an average price of $208.87, for a total value of $450,532.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,398 shares of company stock valued at $17,896,223. Company insiders own 0.19% of the company’s stock.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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