Visa Inc. (NYSE:V) Stock Holdings Reduced by Private Wealth Partners LLC

Private Wealth Partners LLC decreased its position in Visa Inc. (NYSE:V) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,718 shares of the credit-card processor’s stock after selling 705 shares during the period. Visa comprises approximately 4.7% of Private Wealth Partners LLC’s portfolio, making the stock its 5th biggest holding. Private Wealth Partners LLC’s holdings in Visa were worth $55,381,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. FMR LLC raised its holdings in Visa by 4.7% during the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after acquiring an additional 2,257,605 shares during the period. Northern Trust Corp raised its holdings in Visa by 4.7% during the 3rd quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock valued at $3,927,122,000 after acquiring an additional 763,505 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Visa by 2.7% in the third quarter. Ameriprise Financial Inc. now owns 14,229,004 shares of the credit-card processor’s stock worth $3,272,846,000 after purchasing an additional 374,489 shares during the period. Jennison Associates LLC increased its holdings in shares of Visa by 0.7% in the fourth quarter. Jennison Associates LLC now owns 11,824,113 shares of the credit-card processor’s stock worth $3,078,408,000 after purchasing an additional 85,123 shares during the period. Finally, Brown Advisory Inc. increased its holdings in shares of Visa by 1.5% in the third quarter. Brown Advisory Inc. now owns 7,542,434 shares of the credit-card processor’s stock worth $1,734,835,000 after purchasing an additional 108,280 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. KeyCorp upped their target price on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Evercore ISI upped their target price on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Mizuho restated a “neutral” rating and set a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction 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 owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,874 shares of company stock worth $5,506,827. Company insiders own 0.19% of the company’s stock.

Visa Stock Down 0.2 %

V stock traded down $0.64 during trading on Friday, hitting $274.52. 6,840,615 shares of the company’s stock traded hands, compared to its average volume of 6,528,673. The firm has a market capitalization of $504.16 billion, a P/E ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.96. The business has a fifty day simple moving average of $279.24 and a two-hundred day simple moving average of $264.33. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the company posted $2.09 earnings per share. Visa’s revenue was up 9.9% compared to the same quarter last year. Sell-side analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa’s payout ratio is currently 23.24%.

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.