Sage Capital Advisors llc Invests $746,000 in Visa Inc. (V) Stock

Sage Capital Advisors llc purchased a new stake in shares of Visa Inc. (NYSE:V) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,957 shares of the credit-card processor’s stock, valued at approximately $746,000.

Other hedge funds have also made changes to their positions in the company. BDO Wealth Advisors LLC bought a new stake in shares of Visa in the 2nd quarter worth $115,000. Mascoma Wealth Management LLC bought a new stake in shares of Visa in the 2nd quarter worth $122,000. SpiderRock Advisors LLC grew its stake in shares of Visa by 107.1% in the 2nd quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after acquiring an additional 19,709 shares in the last quarter. Advantage Investment Management LLC grew its stake in shares of Visa by 27.4% in the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after acquiring an additional 314 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of Visa in the 2nd quarter worth $143,000. Institutional investors and hedge funds own 82.46% of the company’s stock.

Shares of Visa Inc. (V) opened at $111.98 on Wednesday. The firm has a market cap of $255,870.00, a P/E ratio of 32.15, a P/E/G ratio of 1.64 and a beta of 0.98. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.65. Visa Inc. has a one year low of $75.17 and a one year high of $112.90.

Visa (NYSE:V) last announced its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. Visa’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm posted $0.78 earnings per share. equities analysts anticipate that Visa Inc. will post 4.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be paid a $0.195 dividend. This is an increase from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, November 16th. Visa’s dividend payout ratio (DPR) is currently 24.54%.

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In related news, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.14% of the company’s stock.

Several analysts have recently issued reports on V shares. Jefferies Group LLC upped their target price on shares of Visa from $104.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. upped their target price on shares of Visa from $100.00 to $106.00 in a research note on Tuesday, July 18th. Loop Capital upped their target price on shares of Visa from $101.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Instinet upped their target price on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Nomura upped their target price on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Three investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Visa presently has a consensus rating of “Buy” and an average price target of $116.08.

Visa Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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