Madrona Financial Services LLC Reduces Holdings in Visa Inc. (NYSE:V)

Madrona Financial Services LLC cut its position in Visa Inc. (NYSE:V) by 12.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 873 shares of the credit-card processor’s stock after selling 122 shares during the quarter. Madrona Financial Services LLC’s holdings in Visa were worth $240,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in V. Daymark Wealth Partners LLC boosted its stake in shares of Visa by 0.8% during the 1st quarter. Daymark Wealth Partners LLC now owns 165,395 shares of the credit-card processor’s stock valued at $46,158,000 after buying an additional 1,353 shares during the last quarter. BTC Capital Management Inc. acquired a new position in Visa during the 1st quarter worth $446,000. MCIA Inc grew its holdings in Visa by 3.5% during the 1st quarter. MCIA Inc now owns 4,782 shares of the credit-card processor’s stock worth $1,323,000 after acquiring an additional 162 shares in the last quarter. PFW Advisors LLC increased its position in shares of Visa by 357.2% in the 1st quarter. PFW Advisors LLC now owns 9,048 shares of the credit-card processor’s stock worth $2,525,000 after purchasing an additional 7,069 shares during the last quarter. Finally, Cardano Risk Management B.V. acquired a new stake in shares of Visa in the 1st quarter valued at about $108,145,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on V. Macquarie reissued an “outperform” rating and issued a $300.00 price objective on shares of Visa in a report on Friday, September 27th. Royal Bank of Canada dropped their price target on Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. Keefe, Bruyette & Woods raised shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, Evercore ISI decreased their price target on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $314.19.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Visa Price Performance

Shares of V opened at $290.62 on Friday. Visa Inc. has a one year low of $228.03 and a one year high of $293.07. The stock’s fifty day moving average is $276.91 and its 200-day moving average is $272.94. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $531.53 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting the consensus estimate of $2.42. The firm had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. Visa’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $2.16 EPS. Equities analysts anticipate that Visa Inc. will post 9.92 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were given a $0.52 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.72%. Visa’s dividend payout ratio (DPR) is 23.24%.

About Visa

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.