NTV Asset Management LLC Decreases Position in Visa Inc. (NYSE:V)

NTV Asset Management LLC decreased its position in Visa Inc. (NYSE:V) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,363 shares of the credit-card processor’s stock after selling 500 shares during the period. NTV Asset Management LLC’s holdings in Visa were worth $4,000,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in shares of Visa in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa in the fourth quarter worth $32,000. Valued Wealth Advisors LLC bought a new stake in shares of Visa during the 4th quarter valued at $37,000. Stuart Chaussee & Associates Inc. boosted its stake in Visa by 66.2% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock worth $61,000 after purchasing an additional 94 shares during the period. Finally, Macroview Investment Management LLC grew its holdings in Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after buying an additional 265 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup raised their price objective on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Macquarie upped their price target on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Wedbush boosted their target price on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Barclays lifted their price target on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target of $303.00.

Insider Buying and Selling at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction on 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,724 shares of company stock valued at $3,278,698. 0.19% of the stock is currently owned by company insiders.

Visa Trading Up 0.3 %

NYSE V traded up $0.88 during trading on Friday, hitting $268.49. The company had a trading volume of 3,862,018 shares, compared to its average volume of 6,930,902. The company’s fifty day moving average is $278.17 and its 200-day moving average is $265.42. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The company has a market cap of $493.08 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 1.83 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 earnings per share. On average, sell-side analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. 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.