Vivid Wealth Management LLC Sells 78 Shares of Visa Inc. (NYSE:V)

Vivid Wealth Management LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,969 shares of the credit-card processor’s stock after selling 78 shares during the quarter. Vivid Wealth Management LLC’s holdings in Visa were worth $622,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB lifted its stake in shares of Visa by 10.7% in the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after acquiring an additional 199,440 shares during the last quarter. Howard Capital Management Group LLC lifted its stake in 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 acquiring an additional 610 shares during the period. Resonant Capital Advisors LLC boosted its stake in shares of Visa by 1.9% during the 3rd quarter. Resonant Capital Advisors LLC now owns 19,730 shares of the credit-card processor’s stock valued at $5,425,000 after purchasing an additional 371 shares in the last quarter. New Century Financial Group LLC boosted its position in Visa by 1.1% during the 3rd quarter. New Century Financial Group LLC now owns 5,688 shares of the credit-card processor’s stock valued at $1,564,000 after acquiring an additional 61 shares in the last quarter. Finally, Cedrus LLC grew its stake in Visa by 2.6% in the third quarter. Cedrus LLC now owns 2,257 shares of the credit-card processor’s stock worth $621,000 after purchasing an additional 58 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on V. JPMorgan Chase & Co. raised their target price on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Wells Fargo & Company upped their target price on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group increased their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group raised their price objective on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Citigroup boosted their price target on Visa from $354.00 to $393.00 and gave the company a “buy” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $354.73.

Insider Activity

In related news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is currently owned by insiders.

Visa Price Performance

Shares of Visa stock opened at $353.73 on Tuesday. The stock has a 50 day moving average price of $325.14 and a 200-day moving average price of $299.42. Visa Inc. has a one year low of $252.70 and a one year high of $356.08. The stock has a market cap of $657.15 billion, a price-to-earnings 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 quick ratio of 1.28 and a current ratio of 1.12.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. Equities analysts expect that Visa Inc. will post 11.27 EPS for the current year.

Visa Announces Dividend

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

Visa 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.