Wilmington Savings Fund Society FSB Sells 942 Shares of Visa Inc. (NYSE:V)

Wilmington Savings Fund Society FSB decreased its stake in Visa Inc. (NYSE:V) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 120,894 shares of the credit-card processor’s stock after selling 942 shares during the period. Visa accounts for about 0.7% of Wilmington Savings Fund Society FSB’s holdings, making the stock its 27th biggest position. Wilmington Savings Fund Society FSB’s holdings in Visa were worth $38,207,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new stake in Visa in the 4th quarter valued at about $26,000. Peterson Financial Group Inc. purchased a new position in shares of Visa in the third quarter worth about $26,000. Modus Advisors LLC purchased a new stake in shares of Visa during the 4th quarter valued at approximately $32,000. Reston Wealth Management LLC purchased a new stake in shares of Visa during the 3rd quarter valued at approximately $31,000. Finally, Sugar Maple Asset Management LLC bought a new position in Visa in the 4th quarter worth approximately $44,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Price Performance

Shares of NYSE:V opened at $351.26 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market cap of $652.56 billion, a PE ratio of 35.41, a PEG ratio of 2.32 and a beta of 0.97. The company’s fifty day moving average is $321.08 and its 200 day moving average is $296.19. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $351.90.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Research analysts anticipate that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s payout ratio is currently 23.79%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Bank of America boosted their price objective on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Robert W. Baird raised their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets upped their price target on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, UBS Group raised their price objective on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $354.73.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value 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. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is currently owned by company insiders.

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.