Visa Inc. (NYSE:V) Shares Sold by Sfmg LLC

Sfmg LLC trimmed its position in Visa Inc. (NYSE:V) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,624 shares of the credit-card processor’s stock after selling 137 shares during the quarter. Visa makes up 0.5% of Sfmg LLC’s investment portfolio, making the stock its 26th largest position. Sfmg LLC’s holdings in Visa were worth $6,834,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new position in Visa during the 4th quarter worth $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa during the 4th quarter worth $27,000. POM Investment Strategies LLC grew its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC purchased a new position in Visa during the 4th quarter worth $32,000. Finally, Compass Planning Associates Inc purchased a new position in Visa during the 4th quarter worth $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,560,961 over the last 90 days. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of several research reports. Raymond James reissued an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Morgan Stanley lifted their target price on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Barclays lifted their target price on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their target price on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group lifted their target price on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Stock Performance

NYSE:V opened at $336.51 on Friday. The firm has a 50 day simple moving average of $340.48 and a 200-day simple moving average of $312.82. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $625.15 billion, a PE ratio of 33.92, a P/E/G ratio of 2.33 and a beta of 0.95. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

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.