Visa Inc. (NYSE:V) Shares Sold by Trust Investment Advisors

Trust Investment Advisors lessened its stake in Visa Inc. (NYSE:V) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,757 shares of the credit-card processor’s stock after selling 191 shares during the period. Trust Investment Advisors’ holdings in Visa were worth $1,503,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Decker Retirement Planning Inc. acquired a new position in Visa during the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa in the fourth quarter valued at approximately $27,000. POM Investment Strategies LLC grew its holdings in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the period. Modus Advisors LLC purchased a new position in Visa in the fourth quarter worth $32,000. Finally, Compass Planning Associates Inc acquired a new stake in Visa in the fourth quarter valued at $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on V. Citigroup restated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. UBS Group upped their price target on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company lifted their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 31st. Finally, The Goldman Sachs Group lifted 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 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $353.96.

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock worth $48,560,961 in the last quarter. 0.13% of the stock is owned by corporate insiders.

Visa Trading Up 0.3 %

Shares of V opened at $344.95 on Wednesday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The stock’s 50-day moving average is $341.94 and its two-hundred day moving average is $314.21. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $640.84 billion, a PE ratio of 34.77, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. Equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

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.