Aviance Capital Partners LLC Sells 1,472 Shares of Visa Inc. (NYSE:V)

Aviance Capital Partners LLC cut its holdings in Visa Inc. (NYSE:V) by 6.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,648 shares of the credit-card processor’s stock after selling 1,472 shares during the period. Visa comprises about 0.9% of Aviance Capital Partners LLC’s holdings, making the stock its 22nd largest holding. Aviance Capital Partners LLC’s holdings in Visa were worth $6,525,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of V. Haven Private LLC bought a new position in shares of Visa during the fourth quarter worth $602,000. Bradyco Inc. bought a new position in shares of Visa during the fourth quarter worth $1,893,000. Andra AP fonden boosted its position in shares of Visa by 90.9% during the fourth quarter. Andra AP fonden now owns 55,441 shares of the credit-card processor’s stock worth $17,522,000 after purchasing an additional 26,400 shares in the last quarter. Edgestream Partners L.P. boosted its position in shares of Visa by 153.7% during the fourth quarter. Edgestream Partners L.P. now owns 14,697 shares of the credit-card processor’s stock worth $4,645,000 after purchasing an additional 8,904 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Visa by 0.5% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,463 shares of the credit-card processor’s stock worth $2,359,000 after purchasing an additional 36 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Up 0.5 %

Visa stock opened at $345.79 on Friday. The firm has a market capitalization of $642.41 billion, a PE ratio of 34.86, a P/E/G ratio of 2.33 and a beta of 0.95. The company’s 50-day moving average is $336.18 and its 200-day moving average is $308.35. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. 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 released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on V shares. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Piper Sandler reissued an “overweight” rating and set a $383.00 price target (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Wells Fargo & Company boosted their price objective on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. UBS Group boosted their price objective on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Susquehanna boosted their price objective on shares of Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Insider Activity at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were 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 of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,505 shares of company stock worth $22,290,507. Insiders own 0.13% of the company’s stock.

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.