Savant Capital LLC Sells 5,354 Shares of Visa Inc. $V

Savant Capital LLC decreased its holdings in Visa Inc. (NYSE:V - Free Report) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,504 shares of the credit-card processor's stock after selling 5,354 shares during the quarter. Savant Capital LLC's holdings in Visa were worth $17,221,000 as of its most recent filing with the Securities & Exchange Commission.

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Other large investors have also added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Visa by 14.5% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 455,183 shares of the credit-card processor's stock worth $159,523,000 after acquiring an additional 57,800 shares in the last quarter. Precedent Wealth Partners LLC boosted its stake in Visa by 7.5% during the second quarter. Precedent Wealth Partners LLC now owns 1,588 shares of the credit-card processor's stock worth $564,000 after acquiring an additional 111 shares in the last quarter. Consilium Wealth Advisory LLC purchased a new stake in Visa in the second quarter worth about $862,000. Iron Gate Global Advisors LLC increased its stake in shares of Visa by 5.9% during the first quarter. Iron Gate Global Advisors LLC now owns 62,890 shares of the credit-card processor's stock valued at $22,040,000 after purchasing an additional 3,484 shares in the last quarter. Finally, NatWest Group plc increased its stake in shares of Visa by 43.8% during the second quarter. NatWest Group plc now owns 45,660 shares of the credit-card processor's stock valued at $16,212,000 after purchasing an additional 13,912 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company raised Visa to a "strong-buy" rating in a research report on Wednesday, October 22nd. Macquarie lowered their price objective on Visa from $425.00 to $410.00 and set an "outperform" rating for the company in a research note on Wednesday, October 29th. Raymond James Financial reissued an "outperform" rating and issued a $408.00 target price (up from $398.00) on shares of Visa in a report on Wednesday, October 29th. Truist Financial cut their target price on Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a report on Thursday, July 17th. They set a "buy" rating and a $410.00 price target for the company. Four research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $400.00.

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Read Our Latest Stock Report on Visa

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $183,117. This trade represents a 95.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,897 shares of company stock valued at $8,164,561 in the last 90 days. 0.13% of the stock is currently owned by insiders.

Visa Stock Performance

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Shares of V opened at $335.91 on Friday. The company has a market cap of $615.66 billion, a price-to-earnings ratio of 32.90, a P/E/G ratio of 2.04 and a beta of 0.87. The business's fifty day simple moving average is $343.52 and its two-hundred day simple moving average is $348.62. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The company has a current ratio of 1.08, a quick ratio of 1.12 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.01. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm had revenue of $10.72 billion during the quarter, compared to analysts' expectations of $10.60 billion. During the same quarter in the previous year, the business earned $2.71 earnings per share. The company's revenue was up 11.5% on a year-over-year basis. Research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 12th. This represents a $2.68 annualized dividend and a yield of 0.8%. This is an increase from Visa's previous quarterly dividend of $0.59. Visa's dividend payout ratio (DPR) is currently 23.11%.

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.

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