Concord Asset Management LLC VA decreased its position in shares of Visa Inc. (NYSE:V – Free Report) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,036 shares of the credit-card processor’s stock after selling 785 shares during the period. Concord Asset Management LLC VA’s holdings in Visa were worth $2,540,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in V. Peterson Financial Group Inc. acquired a new position in shares of Visa in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the fourth quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new position in shares of Visa in the third quarter valued at approximately $31,000. Modus Advisors LLC acquired a new position in shares of Visa in the fourth quarter valued at approximately $32,000. Finally, West Financial Advisors LLC increased its holdings in shares of Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Citigroup upped their price objective on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets upped their price objective on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley upped their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Wells Fargo & Company upped their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $354.73.
Visa Stock Up 1.2 %
Shares of NYSE:V opened at $345.92 on Tuesday. The stock’s 50-day moving average price is $317.74 and its two-hundred day moving average price is $293.27. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $351.25. The firm has a market cap of $644.41 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 2.30 and a beta of 0.97.
Visa (NYSE:V – Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, research analysts forecast that Visa Inc. will post 11.2 EPS for the current year.
Visa Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio (DPR) is 23.79%.
Insider Transactions at Visa
In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.
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.
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