Fi3 FINANCIAL ADVISORS LLC Lowers Holdings in Visa Inc. (NYSE:V)

Fi3 FINANCIAL ADVISORS LLC cut its stake in shares of Visa Inc. (NYSE:V) by 12.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,444 shares of the credit-card processor’s stock after selling 468 shares during the quarter. Visa comprises approximately 0.4% of Fi3 FINANCIAL ADVISORS LLC’s portfolio, making the stock its 27th biggest position. Fi3 FINANCIAL ADVISORS LLC’s holdings in Visa were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC lifted its holdings in shares of Visa by 1.6% during the fourth quarter. Clearstead Trust LLC now owns 26,936 shares of the credit-card processor’s stock valued at $7,013,000 after purchasing an additional 427 shares in the last quarter. SYM FINANCIAL Corp purchased a new stake in shares of Visa during the 4th quarter valued at about $292,000. River Global Investors LLP purchased a new position in shares of Visa during the fourth quarter valued at approximately $4,403,000. Connecticut Wealth Management LLC lifted its position in Visa by 53.9% during the fourth quarter. Connecticut Wealth Management LLC now owns 16,094 shares of the credit-card processor’s stock valued at $4,190,000 after purchasing an additional 5,635 shares during the period. Finally, Avidian Wealth Solutions LLC boosted its stake in shares of Visa by 4.5% in the 4th quarter. Avidian Wealth Solutions LLC now owns 6,511 shares of the credit-card processor’s stock worth $1,695,000 after buying an additional 282 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated 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 owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,724 shares of company stock valued at $3,278,698. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on V shares. TD Cowen started coverage on Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 price target for the company. KeyCorp boosted their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Evercore ISI boosted their price objective on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. UBS Group boosted their price objective on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Wedbush lifted their price objective on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $303.00.

Visa Stock Performance

Shares of NYSE:V traded up $0.88 on Friday, hitting $268.49. 3,862,018 shares of the company were exchanged, compared to its average volume of 6,930,902. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The stock’s 50 day moving average price is $278.17 and its 200 day moving average price is $265.42. 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 firm has a market capitalization of $493.08 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 1.83 and a beta of 0.95.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating 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%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.09 earnings per share. Sell-side analysts predict that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

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 payout ratio is 23.24%.

Visa 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.