Visa Inc. (NYSE:V) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in Visa Inc. (NYSE:V) by 0.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 223,779 shares of the credit-card processor’s stock after selling 736 shares during the period. Visa accounts for about 1.3% of Advisors Asset Management Inc.’s holdings, making the stock its 7th biggest holding. Advisors Asset Management Inc.’s holdings in Visa were worth $70,723,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the fourth quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa in the fourth quarter valued at about $27,000. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the third quarter valued at about $26,000. POM Investment Strategies LLC grew its holdings in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the period. Finally, Modus Advisors LLC purchased a new stake in shares of Visa in the fourth quarter valued at about $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

V has been the subject of a number of analyst reports. Raymond James reissued an “outperform” rating and issued a $393.00 price objective (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Piper Sandler reissued an “overweight” rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Morgan Stanley upped their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Susquehanna upped their price objective on shares of Visa from $395.00 to $410.00 and gave the company a “positive” rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Stock Up 0.8 %

V stock opened at $334.35 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company’s 50 day moving average is $338.39 and its two-hundred day moving average is $311.61. The stock has a market cap of $621.15 billion, a P/E ratio of 33.70, a PEG ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. Research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’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 transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,855 shares of company stock worth $35,165,827. Insiders own 0.13% of the company’s stock.

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.