Sargent Bickham Lagudis LLC Boosts Position in Visa Inc. (NYSE:V)

Sargent Bickham Lagudis LLC lifted its stake in shares of Visa Inc. (NYSE:VGet Rating) by 6.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,870 shares of the credit-card processor’s stock after acquiring an additional 3,047 shares during the period. Visa accounts for approximately 0.8% of Sargent Bickham Lagudis LLC’s portfolio, making the stock its 27th biggest position. Sargent Bickham Lagudis LLC’s holdings in Visa were worth $9,819,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Monumental Financial Group Inc. purchased a new stake in Visa in the 1st quarter valued at about $35,000. Rise Advisors LLC acquired a new position in Visa in the 4th quarter valued at about $35,000. James Investment Research Inc. grew its position in Visa by 1,400.0% in the 1st quarter. James Investment Research Inc. now owns 180 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 168 shares in the last quarter. Rather & Kittrell Inc. acquired a new position in Visa in the 4th quarter valued at about $43,000. Finally, Security Financial Services INC. acquired a new position in Visa in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 81.49% of the company’s stock.

Visa Price Performance

Visa stock opened at $185.79 on Friday. Visa Inc. has a 12 month low of $184.66 and a 12 month high of $236.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The business has a 50 day simple moving average of $206.30 and a 200-day simple moving average of $206.99. The stock has a market capitalization of $351.22 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.81%. The ex-dividend date was Thursday, August 11th. Visa’s payout ratio is 22.12%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Macquarie dropped their target price on Visa from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. UBS Group boosted their price objective on Visa from $292.00 to $296.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Barclays boosted their price objective on Visa from $263.00 to $271.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. Susquehanna Bancshares lowered their price objective on Visa from $290.00 to $260.00 in a research report on Thursday, July 28th. Finally, Mizuho lowered their price objective on Visa from $235.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, July 1st. Four equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average target price of $257.64.

Insiders Place Their Bets

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $212.11, for a total value of $1,908,990.00. Following the completion of the transaction, the chief executive officer now owns 156,887 shares in the company, valued at $33,277,301.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Visa Profile

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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.

Further Reading

Institutional Ownership by Quarter for Visa (NYSE:V)

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