Visa Inc. (NYSE:V) Stock Holdings Lowered by Acima Private Wealth LLC

Acima Private Wealth LLC lessened its stake in Visa Inc. (NYSE:VFree Report) by 1.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,999 shares of the credit-card processor’s stock after selling 66 shares during the period. Acima Private Wealth LLC’s holdings in Visa were worth $1,041,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Financial Engines Advisors L.L.C. lifted its holdings in Visa by 2.8% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,747 shares of the credit-card processor’s stock valued at $402,000 after acquiring an additional 48 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in Visa in the 3rd quarter valued at about $43,012,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Visa in the 3rd quarter valued at about $38,201,000. Envestnet Asset Management Inc. lifted its holdings in Visa by 28.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,983,190 shares of the credit-card processor’s stock valued at $916,174,000 after acquiring an additional 871,439 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Visa by 7.0% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,331,331 shares of the credit-card processor’s stock valued at $306,219,000 after acquiring an additional 86,886 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of NYSE:V traded down $0.53 during midday trading on Friday, reaching $270.66. The company’s stock had a trading volume of 8,537,260 shares, compared to its average volume of 5,425,052. Visa Inc. has a fifty-two week low of $221.37 and a fifty-two week high of $290.96. The company has a market capitalization of $495.02 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.86 and a beta of 0.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The business’s fifty day simple moving average is $274.17 and its 200-day simple moving average is $272.22.

Visa (NYSE:VGet Free Report) last announced its 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. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the company posted $2.09 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts expect that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. Visa’s payout ratio is 23.24%.

Insider Buying and Selling

In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold a total of 34,402 shares of company stock worth $9,559,382 over the last three months. 0.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on V shares. Wedbush upped their price target on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. UBS Group upped their price objective on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Mizuho upped their price objective on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Robert W. Baird upped their price objective on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $303.76.

Read Our Latest Research Report on V

Visa 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.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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