Aries Wealth Management Trims Stake in Visa Inc. (NYSE:V)

Aries Wealth Management lessened its holdings in shares of Visa Inc. (NYSE:V) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,538 shares of the credit-card processor’s stock after selling 375 shares during the quarter. Visa makes up 1.1% of Aries Wealth Management’s portfolio, making the stock its 24th largest holding. Aries Wealth Management’s holdings in Visa were worth $3,963,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Creative Planning increased its position in Visa by 2.4% in the third quarter. Creative Planning now owns 566,729 shares of the credit-card processor’s stock worth $155,822,000 after buying an additional 13,318 shares in the last quarter. Swedbank AB lifted its holdings in Visa by 10.7% during the third quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after purchasing an additional 199,440 shares in the last quarter. Howard Capital Management Group LLC boosted its position in shares of Visa by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after purchasing an additional 610 shares during the period. Kozak & Associates Inc. raised its position in shares of Visa by 4.7% during the 3rd quarter. Kozak & Associates Inc. now owns 3,713 shares of the credit-card processor’s stock valued at $1,068,000 after purchasing an additional 168 shares during the period. Finally, BCS Wealth Management lifted its stake in shares of Visa by 42.0% during the 3rd quarter. BCS Wealth Management now owns 2,264 shares of the credit-card processor’s stock valued at $623,000 after buying an additional 670 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.5 %

Shares of NYSE:V opened at $353.73 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $356.08. The business has a 50 day simple moving average of $325.14 and a two-hundred day simple moving average of $298.94. The firm has a market capitalization of $657.15 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28.

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

Visa Announces Dividend

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

Insider Buying and Selling at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s 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 in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock valued at $19,830,050 in the last three months. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on V shares. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 31st. Oppenheimer boosted their price target on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Jefferies Financial Group increased their price objective on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. TD Cowen boosted their target price on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their target price on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $354.73.

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.