Seros Financial LLC Sells 70 Shares of Visa Inc. (NYSE:V)

Seros Financial LLC reduced its position in Visa Inc. (NYSE:V) by 8.0% during the first quarter, Holdings Channel reports. The institutional investor owned 803 shares of the credit-card processor’s stock after selling 70 shares during the quarter. Seros Financial LLC’s holdings in Visa were worth $281,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of V. Smithbridge Asset Management Inc. DE acquired a new stake in Visa during the 1st quarter worth $529,000. Donald L. Hagan LLC lifted its position in shares of Visa by 2.9% during the first quarter. Donald L. Hagan LLC now owns 1,680 shares of the credit-card processor’s stock worth $589,000 after purchasing an additional 47 shares in the last quarter. Osprey Private Wealth LLC increased its stake in shares of Visa by 23.5% during the first quarter. Osprey Private Wealth LLC now owns 27,020 shares of the credit-card processor’s stock worth $9,469,000 after buying an additional 5,140 shares during the period. RMR Wealth Builders increased its stake in Visa by 8.5% in the first quarter. RMR Wealth Builders now owns 17,234 shares of the credit-card processor’s stock valued at $6,040,000 after purchasing an additional 1,349 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC grew its position in shares of Visa by 5.2% during the first quarter. NorthCrest Asset Manangement LLC now owns 40,050 shares of the credit-card processor’s stock worth $14,036,000 after acquiring an additional 1,968 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,991,249.33. This represents a 59.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,448 shares of company stock worth $50,133,659. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of a number of analyst reports. Evercore ISI began coverage on Visa in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price target on the stock. BMO Capital Markets upped their price objective on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Susquehanna restated a “positive” rating on shares of Visa in a research report on Friday, March 21st. Citigroup assumed coverage on Visa in a research report on Monday, June 2nd. They issued a “buy” rating on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $372.80.

Visa Trading Down 0.6%

Shares of NYSE V opened at $371.11 on Friday. The stock has a market capitalization of $684.76 billion, a P/E ratio of 37.41, a PEG ratio of 2.33 and a beta of 0.94. The business’s 50 day moving average is $348.87 and its two-hundred day moving average is $337.17. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.51 EPS. As a group, research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. Visa’s dividend payout ratio (DPR) is 23.72%.

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.