Visa Inc. (NYSE:V) Stock Position Lowered by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC decreased its position in shares of Visa Inc. (NYSE:VFree Report) by 20.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 548,192 shares of the credit-card processor’s stock after selling 144,964 shares during the quarter. Visa accounts for 2.3% of Kovitz Investment Group Partners LLC’s portfolio, making the stock its 10th largest position. Kovitz Investment Group Partners LLC’s holdings in Visa were worth $126,090,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in V. Hibernia Wealth Partners LLC bought a new stake in shares of Visa in the third quarter worth approximately $25,000. West Tower Group LLC bought a new stake in Visa in the 2nd quarter worth approximately $30,000. Financial Freedom LLC bought a new stake in Visa in the 4th quarter worth approximately $32,000. Nalls Sherbakoff Group LLC grew its position in Visa by 545.5% in 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 during the period. Finally, FNY Investment Advisers LLC grew its position in Visa by 227.7% in 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 during the period. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Visa Price Performance

NYSE V traded up $0.35 during trading hours on Friday, reaching $276.13. The company’s stock had a trading volume of 1,633,715 shares, compared to its average volume of 5,494,106. The firm’s 50-day moving average price is $264.18 and its 200-day moving average price is $249.02. 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 Inc. has a 1 year low of $208.76 and a 1 year high of $279.99. The company has a market capitalization of $507.12 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 1.93 and a beta of 0.97.

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

Visa Dividend Announcement

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

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 97,472 shares of company stock worth $25,695,420. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on V. Jefferies Financial Group lifted their price objective on Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Mizuho boosted their price target on Visa from $243.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Barclays boosted their price target on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. BMO Capital Markets began coverage on shares of Visa in a report on Tuesday, December 5th. They set an “outperform” rating and a $280.00 target price for the company. Finally, Susquehanna increased their price target on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $290.55.

Get Our Latest Analysis on Visa

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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