Souders Financial Advisors Decreases Stake in Visa Inc. (NYSE:V)

Souders Financial Advisors lowered its position in Visa Inc. (NYSE:V) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,068 shares of the credit-card processor’s stock after selling 3,917 shares during the period. Souders Financial Advisors’ holdings in Visa were worth $5,710,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Snider Financial Group boosted its stake in shares of Visa by 7.0% in the fourth quarter. Snider Financial Group now owns 10,173 shares of the credit-card processor’s stock worth $3,215,000 after acquiring an additional 664 shares during the period. Triad Wealth Partners LLC purchased a new stake in shares of Visa in the fourth quarter worth about $670,000. Laffer Tengler Investments Inc. lifted its stake in shares of Visa by 8.2% in the 4th quarter. Laffer Tengler Investments Inc. now owns 10,347 shares of the credit-card processor’s stock valued at $3,270,000 after purchasing an additional 785 shares during the last quarter. Carrera Capital Advisors lifted its position in Visa by 3.7% in the fourth quarter. Carrera Capital Advisors now owns 1,525 shares of the credit-card processor’s stock worth $482,000 after buying an additional 55 shares during the last quarter. Finally, Glass Wealth Management Co LLC lifted its position in Visa by 11.9% in the fourth quarter. Glass Wealth Management Co LLC now owns 6,892 shares of the credit-card processor’s stock worth $2,178,000 after buying an additional 735 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.0 %

Shares of NYSE:V opened at $352.18 on Thursday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a market capitalization of $654.27 billion, a PE ratio of 35.50, a PEG ratio of 2.33 and a beta of 0.95. The business has a 50 day moving average of $335.17 and a two-hundred day moving average of $307.55. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its quarterly earnings results 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%. As a group, analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. The trade was a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,505 shares of company stock worth $22,290,507 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on V. Wells Fargo & Company lifted their target price on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Morgan Stanley lifted their target price on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Bank of America boosted their price target on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group boosted their price target on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $353.96.

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.