Schechter Investment Advisors LLC Has $6.30 Million Position in Visa Inc. (NYSE:V)

Schechter Investment Advisors LLC lowered its holdings in shares of Visa Inc. (NYSE:V) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,183 shares of the credit-card processor’s stock after selling 923 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Visa were worth $6,296,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of V. Investment Advisory Services Inc. TX ADV raised its position in Visa by 2.0% in the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after buying an additional 78 shares during the last quarter. Camarda Financial Advisors LLC boosted its stake in shares of Visa by 3.0% during the 2nd quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock worth $1,484,000 after acquiring an additional 182 shares during the period. Cibc World Market Inc. boosted its stake in shares of Visa by 1.8% during the 2nd quarter. Cibc World Market Inc. now owns 783,402 shares of the credit-card processor’s stock worth $186,042,000 after acquiring an additional 14,022 shares during the period. Wayfinding Financial LLC boosted its stake in shares of Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after acquiring an additional 161 shares during the period. Finally, Richelieu Gestion SA bought a new position in shares of Visa during the 4th quarter worth approximately $307,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity

In other news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Visa news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on Friday, January 19th. The stock was 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 $62,716,662.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 47,311 shares of company stock valued at $12,832,129 over the last three months. Corporate insiders own 0.19% of the company’s stock.

Visa Stock Up 0.0 %

V stock traded up $0.05 during trading on Tuesday, reaching $281.26. 8,748,794 shares of the stock were exchanged, compared to its average volume of 5,655,137. The firm’s 50 day moving average is $278.54 and its 200 day moving average is $258.27. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market cap of $516.54 billion, a P/E ratio of 32.37, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.18 EPS. As a group, research analysts forecast that Visa Inc. will post 9.9 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is presently 23.94%.

Analyst Ratings Changes

Several analysts recently weighed in on V shares. Jefferies Financial Group lifted their price target on Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Barclays lifted their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. KeyCorp lifted their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Monness Crespi & Hardt started coverage on Visa in a report on Wednesday, December 20th. They issued a “neutral” rating for the company. Finally, BMO Capital Markets started coverage on Visa in a report on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 price objective for the company. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.29.

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.