Mather Group LLC. Has $9.54 Million Stake in Visa Inc. (NYSE:V)

Mather Group LLC. increased its stake in shares of Visa Inc. (NYSE:V) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,626 shares of the credit-card processor’s stock after buying an additional 3,850 shares during the quarter. Mather Group LLC.’s holdings in Visa were worth $9,536,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Investment Advisory Services Inc. TX ADV increased its stake in shares of Visa by 2.0% in the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after buying an additional 78 shares during the period. Nadler Financial Group Inc. boosted its stake in shares of Visa by 2.4% in the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after purchasing an additional 44 shares during the last quarter. Towerpoint Wealth LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $216,000. Andrew Hill Investment Advisors Inc. bought a new stake in shares of Visa during the 4th quarter valued at $3,427,000. Finally, Wayfinding Financial LLC grew its position in shares of Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

V traded down $1.49 during trading on Monday, reaching $273.03. 604,470 shares of the company’s stock were exchanged, compared to its average volume of 5,885,230. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company’s fifty day simple moving average is $279.24 and its 200-day simple moving average is $264.73. The stock has a market capitalization of $501.42 billion, a P/E ratio of 30.78, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.09 earnings per share. As a group, research analysts predict that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 19,874 shares of company stock worth $5,506,827 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Macquarie boosted their price objective on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Evercore ISI raised their target price on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Mizuho reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of Visa in a report on Wednesday, March 27th. Susquehanna boosted their price target on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Finally, Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $302.58.

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.