Values Added Financial LLC Decreases Stake in Visa Inc. (NYSE:V)

Values Added Financial LLC cut its holdings in shares of Visa Inc. (NYSE:V) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,233 shares of the credit-card processor’s stock after selling 229 shares during the period. Values Added Financial LLC’s holdings in Visa were worth $581,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of V. Hibernia Wealth Partners LLC bought a new position in Visa in the 3rd quarter worth $25,000. Altshuler Shaham Ltd purchased a new stake in Visa in the third quarter worth about $25,000. West Tower Group LLC purchased a new position in shares of Visa during the 2nd quarter valued at about $30,000. Financial Freedom LLC purchased a new position in shares of Visa during the 4th quarter valued at about $32,000. Finally, Nalls Sherbakoff Group LLC increased its holdings in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated 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 transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,311 shares of company stock valued at $12,832,129. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

V has been the topic of several analyst reports. Raymond James lifted their price target on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Mizuho restated a “neutral” rating and set a $265.00 target price on shares of Visa in a research note on Wednesday. Barclays increased their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Susquehanna raised their price target on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Finally, Citigroup upped their price objective on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $295.82.

Visa Price Performance

Shares of NYSE V traded down $0.24 during mid-day trading on Thursday, hitting $278.78. 5,844,191 shares of the company’s stock traded hands, compared to its average volume of 5,650,746. The company has a market capitalization of $511.98 billion, a P/E ratio of 32.16, a PEG ratio of 1.94 and a beta of 0.96. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company’s 50-day moving average is $279.11 and its two-hundred day moving average is $258.66.

Visa (NYSE:V) last issued its quarterly earnings data 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 business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.18 earnings per share. On average, equities analysts anticipate that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given 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%.

Visa Company 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.