Arkadios Wealth Advisors Sells 496 Shares of Visa Inc. (NYSE:V)

Arkadios Wealth Advisors lessened its position in shares of Visa Inc. (NYSE:V) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,936 shares of the credit-card processor’s stock after selling 496 shares during the period. Arkadios Wealth Advisors’ holdings in Visa were worth $5,668,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of Visa by 5.5% in the second quarter. Pacer Advisors Inc. now owns 148,785 shares of the credit-card processor’s stock worth $39,052,000 after purchasing an additional 7,807 shares during the last quarter. Merriman Wealth Management LLC grew its stake in Visa by 3.6% in the 2nd quarter. Merriman Wealth Management LLC now owns 1,524 shares of the credit-card processor’s stock worth $400,000 after buying an additional 53 shares in the last quarter. Kowal Investment Group LLC increased its holdings in shares of Visa by 2.0% in the 2nd quarter. Kowal Investment Group LLC now owns 5,431 shares of the credit-card processor’s stock worth $1,426,000 after buying an additional 109 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Visa by 4.9% during the 2nd quarter. ProShare Advisors LLC now owns 468,804 shares of the credit-card processor’s stock valued at $123,047,000 after buying an additional 22,009 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its holdings in shares of Visa by 21,918.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 28,183 shares of the credit-card processor’s stock worth $7,397,000 after acquiring an additional 28,055 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Up 0.9 %

Shares of NYSE V opened at $319.97 on Monday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a 50-day moving average of $313.41 and a 200 day moving average of $288.59. The stock has a market cap of $596.06 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $2.33 earnings per share. As a group, sell-side analysts expect that Visa Inc. will post 11.22 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio is currently 24.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Macquarie raised their price target on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price objective on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their target price on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price target on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Susquehanna boosted their price target on shares of Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $331.92.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

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.