Visa Inc. (NYSE:V) Shares Sold by Certified Advisory Corp

Certified Advisory Corp lessened its stake in Visa Inc. (NYSE:VFree Report) by 54.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,193 shares of the credit-card processor’s stock after selling 15,608 shares during the period. Certified Advisory Corp’s holdings in Visa were worth $3,435,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new position in shares of Visa during the 4th quarter worth approximately $3,895,015,000. International Assets Investment Management LLC raised its stake in shares of Visa by 17,418.7% during the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock worth $1,233,338,000 after buying an additional 4,710,188 shares during the period. FMR LLC raised its stake in shares of Visa by 4.7% during the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after buying an additional 2,257,605 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Visa during the 3rd quarter worth approximately $358,349,000. Finally, The Manufacturers Life Insurance Company raised its stake in Visa by 34.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,929,979 shares of the credit-card processor’s stock valued at $903,955,000 after purchasing an additional 999,167 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wedbush raised their target price on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Citigroup increased their price target on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Raymond James increased their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Royal Bank of Canada increased their price target on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Barclays increased their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Read Our Latest Stock Report on V

Visa Price Performance

Shares of Visa stock traded down $2.61 during trading on Tuesday, reaching $275.93. The company’s stock had a trading volume of 3,839,157 shares, compared to its average volume of 6,332,724. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a market capitalization of $504.66 billion, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95. The business has a 50 day moving average price of $277.47 and a 200-day moving average price of $269.19.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. As a group, sell-side analysts anticipate that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is 23.24%.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,402 shares of company stock worth $9,559,382. 0.19% of the stock is owned by corporate insiders.

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.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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