Sargent Bickham Lagudis LLC Increases Stock Holdings 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, HoldingsChannel.com reports. The institutional investor owned 49,870 shares of the credit-card processor’s stock after acquiring an additional 3,047 shares during the period. Visa makes up 0.8% of Sargent Bickham Lagudis LLC’s holdings, making the stock its 27th biggest holding. Sargent Bickham Lagudis LLC’s holdings in Visa were worth $9,819,000 as of its most recent filing with the SEC.

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

Visa Stock Down 0.7 %

V opened at $185.79 on Friday. Visa Inc. has a one year low of $184.66 and a one year high of $236.96. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. The stock’s fifty day moving average is $206.30 and its 200-day moving average is $206.99. The company has a market capitalization of $351.22 billion, a PE ratio of 27.40, a P/E/G ratio of 1.51 and a beta of 0.90.

Visa Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on V shares. Macquarie lowered their price objective on Visa from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Wells Fargo & Company lowered their price objective on Visa from $280.00 to $255.00 and set an “overweight” rating for the company in a research note on Wednesday, July 13th. Wolfe Research lowered their price objective on Visa from $285.00 to $260.00 in a research note on Wednesday, July 20th. Robert W. Baird lowered their price objective on Visa from $290.00 to $265.00 in a research note on Wednesday, July 20th. Finally, Barclays raised their price objective on Visa from $263.00 to $271.00 and gave the company an “overweight” rating in a research note on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $257.64.

Insider Transactions at Visa

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s 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 sale, the chief executive officer now owns 156,887 shares of the company’s stock, valued at approximately $33,277,301.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.21% of the company’s stock.

Visa Profile

(Get Rating)

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

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VGet Rating).

Institutional Ownership by Quarter for Visa (NYSE:V)

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