Visa Inc. (NYSE:V) Position Reduced by Signet Financial Management LLC

Signet Financial Management LLC trimmed its stake in shares of Visa Inc. (NYSE:V) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,145 shares of the credit-card processor’s stock after selling 235 shares during the quarter. Signet Financial Management LLC’s holdings in Visa were worth $3,943,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in V. Hibernia Wealth Partners LLC bought a new position in Visa during the 3rd quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Visa during the third quarter worth $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa during the fourth quarter worth $32,000. Financial Freedom LLC acquired a new stake in shares of Visa during the fourth quarter worth $32,000. Finally, Nalls Sherbakoff Group LLC raised its holdings in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Robert W. Baird increased their target price on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday. Monness Crespi & Hardt started coverage on shares of Visa in a report on Wednesday, December 20th. They issued a “neutral” rating on the stock. Wedbush increased their price objective on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Susquehanna increased their price objective on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Finally, Citigroup increased their price objective on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $298.43.

Visa Stock Performance

Shares of V opened at $272.69 on Thursday. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a 50-day moving average of $279.80 and a two-hundred day moving average of $262.56. The stock has a market cap of $500.80 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.87 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period last year, the company posted $2.18 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Thursday, February 8th. Visa’s payout ratio is 23.94%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,511 shares of company stock worth $15,131,081. 0.19% of the stock is owned by company insiders.

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.