SG Americas Securities LLC Has $1.06 Billion Position in Visa Inc. $V

SG Americas Securities LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 121.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,022,411 shares of the credit-card processor’s stock after buying an additional 1,658,954 shares during the quarter. Visa makes up 1.4% of SG Americas Securities LLC’s portfolio, making the stock its 11th largest position. SG Americas Securities LLC’s holdings in Visa were worth $1,059,990,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Parvin Asset Management LLC increased its position in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 50 shares during the last quarter. Sagard Holdings Management Inc. acquired a new position in Visa during the second quarter valued at approximately $31,000. Bare Financial Services Inc boosted its position in Visa by 287.0% during the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 66 shares during the last quarter. Imprint Wealth LLC bought a new position in Visa in the third quarter valued at approximately $39,000. Finally, Strategic Advocates LLC bought a new position in Visa in the third quarter valued at approximately $43,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

V opened at $304.08 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. Visa Inc. has a 12-month low of $297.03 and a 12-month high of $375.51. The business has a 50 day moving average of $319.26 and a 200-day moving average of $333.66. The stock has a market cap of $551.96 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.74 and a beta of 0.78.

Visa (NYSE:V) last posted its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period in the previous year, the firm earned $2.75 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Visa’s payout ratio is currently 25.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on V shares. UBS Group reiterated a “buy” rating on shares of Visa in a research note on Tuesday, January 13th. Morgan Stanley reissued an “overweight” rating and issued a $411.00 target price (up from $398.00) on shares of Visa in a research note on Friday, January 30th. Bank of America assumed coverage on shares of Visa in a report on Thursday, March 5th. They set a “buy” rating and a $410.00 target price on the stock. Daiwa Securities Group raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price target on the stock in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $395.00 price target on shares of Visa in a research note on Friday, January 30th. Seven investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $392.65.

Insider Buying and Selling at Visa

In related news, Director Lloyd Carney sold 650 shares of Visa stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the sale, the director owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. The trade was a 19.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the sale, the chief executive officer directly owned 9,401 shares of the company’s stock, valued at $3,282,641.18. The trade was a 52.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by insiders.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.