AlphaStar Capital Management LLC Lowers Stock Position in Visa Inc. (NYSE:V)

AlphaStar Capital Management LLC reduced its position in shares of Visa Inc. (NYSE:VFree Report) by 47.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,660 shares of the credit-card processor’s stock after selling 7,002 shares during the period. AlphaStar Capital Management LLC’s holdings in Visa were worth $1,762,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in V. Hibernia Wealth Partners LLC purchased a new position in Visa in the third quarter valued at about $25,000. West Tower Group LLC purchased a new position in shares of Visa during the 2nd quarter worth approximately $30,000. Financial Freedom LLC purchased a new position in shares of Visa during the 4th quarter worth approximately $32,000. Nalls Sherbakoff Group LLC increased its stake in shares of Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares in the last quarter. Finally, FNY Investment Advisers LLC increased its stake in shares of Visa by 227.7% during the 3rd quarter. FNY Investment Advisers LLC now owns 154 shares of the credit-card processor’s stock worth $35,000 after purchasing an additional 107 shares in the last quarter. 81.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on V shares. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Royal Bank of Canada lifted their price target on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Barclays lifted their price target on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Oppenheimer lifted their price target on shares of Visa from $248.00 to $252.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Finally, BMO Capital Markets started coverage on shares of Visa in a report on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 price target on the stock. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $290.55.

View Our Latest Research Report on V

Insider Transactions at Visa

In other news, insider Rajat Taneja sold 7,811 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $253.17, for a total transaction of $1,977,510.87. Following the sale, the insider now owns 232,112 shares in the company, valued at $58,763,795.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Rajat Taneja sold 7,811 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $253.17, for a total transaction of $1,977,510.87. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at $58,763,795.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’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 transaction of $2,228,128.50. The disclosure for this sale can be found here. In the last three months, insiders sold 94,857 shares of company stock valued at $24,966,149. Company insiders own 0.19% of the company’s stock.

Visa Stock Up 0.1 %

Shares of V traded up $0.15 during midday trading on Tuesday, hitting $275.73. The company had a trading volume of 1,674,586 shares, compared to its average volume of 5,551,826. The company’s 50 day moving average price is $262.82 and its 200 day moving average price is $248.35. The stock has a market cap of $506.38 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.91 and a beta of 0.97. Visa Inc. has a 52 week low of $208.76 and a 52 week high of $279.99. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same period in the previous year, the business posted $2.18 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts predict that Visa Inc. will post 9.91 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 9th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

About Visa

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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