1900 Wealth Management LLC Decreases Stock Holdings in Visa Inc. (NYSE:V)

1900 Wealth Management LLC decreased its holdings in shares of Visa Inc. (NYSE:V) by 9.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,894 shares of the credit-card processor’s stock after selling 494 shares during the period. 1900 Wealth Management LLC’s holdings in Visa were worth $1,274,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in shares of Visa by 17,418.7% in the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after acquiring an additional 4,710,188 shares during the period. FMR LLC raised its stake in shares of Visa by 4.7% in the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after acquiring an additional 2,257,605 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Visa in the third quarter valued at $358,349,000. The Manufacturers Life Insurance Company raised its stake in shares of Visa by 34.1% in the third quarter. The Manufacturers Life Insurance Company now owns 3,929,979 shares of the credit-card processor’s stock valued at $903,955,000 after acquiring an additional 999,167 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Visa by 28.0% in the third quarter. Envestnet Asset Management Inc. now owns 3,983,190 shares of the credit-card processor’s stock valued at $916,174,000 after acquiring an additional 871,439 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V opened at $274.23 on Wednesday. The business’s 50-day moving average is $279.49 and its two-hundred day moving average is $263.90. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $503.63 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96.

Visa (NYSE:V) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the previous year, the firm earned $2.18 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts anticipate that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,965 shares of company stock worth $5,256,352. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on V shares. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Wedbush increased their target price on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Raymond James increased their target price on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Evercore ISI upped their price target on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Robert W. Baird upped their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $300.48.

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.