Cadent Capital Advisors LLC Has $238,000 Stock Holdings in Visa Inc. (NYSE:V)

Cadent Capital Advisors LLC reduced its position in shares of Visa Inc. (NYSE:V) by 20.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 753 shares of the credit-card processor’s stock after selling 194 shares during the quarter. Cadent Capital Advisors LLC’s holdings in Visa were worth $238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wedmont Private Capital boosted its stake in Visa by 9.6% during the 4th quarter. Wedmont Private Capital now owns 24,354 shares of the credit-card processor’s stock valued at $7,494,000 after purchasing an additional 2,137 shares during the last quarter. Agate Pass Investment Management LLC grew its holdings in Visa by 10.3% during the fourth quarter. Agate Pass Investment Management LLC now owns 5,184 shares of the credit-card processor’s stock worth $1,638,000 after buying an additional 486 shares in the last quarter. Asset Allocation & Management Company LLC purchased a new stake in Visa in the 4th quarter valued at $363,000. Thomasville National Bank lifted its stake in Visa by 1.4% during the 4th quarter. Thomasville National Bank now owns 114,741 shares of the credit-card processor’s stock valued at $36,263,000 after acquiring an additional 1,633 shares in the last quarter. Finally, Compton Wealth Advisory Group LLC boosted its holdings in Visa by 0.5% during the 4th quarter. Compton Wealth Advisory Group LLC now owns 11,605 shares of the credit-card processor’s stock worth $3,668,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on V. Piper Sandler increased their price objective on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Bank of America lifted their target price on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Susquehanna increased their price objective on Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a report on Wednesday, December 11th. Robert W. Baird boosted their price target on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, TD Cowen lifted their target price on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $330.85.

Visa Stock Down 0.7 %

Shares of V stock traded down $2.11 during mid-day trading on Monday, reaching $305.60. 2,779,712 shares of the company’s stock traded hands, compared to its average volume of 5,090,134. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $321.61. The company has a market cap of $569.29 billion, a P/E ratio of 31.41, a P/E/G ratio of 2.11 and a beta of 0.96. The company’s 50-day moving average price is $312.14 and its 200-day moving average price is $287.04. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the previous year, the business earned $2.33 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts expect that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.77%. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Visa Company 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.