True North Advisors LLC Reduces Stock Position in Visa Inc. (NYSE:V)

True North Advisors LLC lowered its position in shares of Visa Inc. (NYSE:VFree Report) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,327 shares of the credit-card processor’s stock after selling 116 shares during the period. True North Advisors LLC’s holdings in Visa were worth $1,387,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in V. GoalVest Advisory LLC raised its stake in shares of Visa by 3.4% during the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after buying an additional 40 shares during the last quarter. Destiny Wealth Partners LLC lifted its holdings in Visa by 2.5% in the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock valued at $433,000 after acquiring an additional 40 shares during the period. Sunflower Bank N.A. boosted its position in Visa by 1.3% in the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after purchasing an additional 41 shares in the last quarter. HWG Holdings LP grew its stake in shares of Visa by 18.4% during the 2nd quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock worth $64,000 after purchasing an additional 42 shares during the period. Finally, Parker Financial LLC increased its holdings in shares of Visa by 4.8% during the 4th quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock valued at $241,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,511 shares of company stock valued at $15,131,081. Corporate insiders own 0.19% of the company’s stock.

Visa Trading Down 0.3 %

NYSE V opened at $278.22 on Tuesday. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The firm has a 50 day simple moving average of $279.49 and a 200-day simple moving average of $259.18. The firm has a market cap of $510.95 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 1.93 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:VGet Free Report) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. Visa’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $2.18 earnings per share. Equities research analysts anticipate that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is 23.94%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Susquehanna lifted 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. UBS Group boosted their price target on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Keefe, Bruyette & Woods raised their target price on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada boosted their price target on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $295.82.

Get Our Latest Research Report on V

Visa Company Profile

(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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