Visa Inc. (NYSE:V) Shares Sold by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC lessened its holdings in Visa Inc. (NYSE:V) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,783 shares of the credit-card processor’s stock after selling 405 shares during the quarter. Visa makes up about 2.0% of Terra Nova Asset Management LLC’s investment portfolio, making the stock its 17th largest holding. Terra Nova Asset Management LLC’s holdings in Visa were worth $2,287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Hibernia Wealth Partners LLC bought a new position in shares of Visa during the third quarter worth about $25,000. Altshuler Shaham Ltd bought a new position in shares of Visa during the third quarter worth about $25,000. West Tower Group LLC bought a new position in shares of Visa during the second quarter worth about $30,000. Financial Freedom LLC bought a new position in shares of Visa during the fourth quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC grew its position in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Rajat Taneja sold 36,546 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders sold 47,311 shares of company stock valued at $12,832,129 over the last three months. 0.19% of the stock is owned by corporate insiders.

Visa Trading Down 0.1 %

V stock traded down $0.24 during mid-day trading on Thursday, reaching $278.78. 5,844,191 shares of the stock traded hands, compared to its average volume of 5,650,746. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a market cap of $511.98 billion, a P/E ratio of 32.16, a P/E/G ratio of 1.94 and a beta of 0.96. The stock’s fifty day moving average is $279.11 and its 200-day moving average is $258.66.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.18 earnings per share. As a group, sell-side analysts expect that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend 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

A number of equities analysts recently issued reports on the stock. Raymond James increased their target price on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Barclays increased their target price on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Jefferies Financial Group increased their target price on shares of Visa from $280.00 to $295.00 and gave the company a “buy” rating in a research report on Tuesday, December 12th. Monness Crespi & Hardt assumed coverage on shares of Visa in a research report on Wednesday, December 20th. They issued a “neutral” rating for the company. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 target price on shares of Visa in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $295.82.

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.