Baird Financial Group Inc. Sells 3,135 Shares of Visa Inc. (NYSE:V)

Baird Financial Group Inc. lessened its stake in Visa Inc. (NYSE:V - Free Report) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,126,396 shares of the credit-card processor's stock after selling 3,135 shares during the quarter. Baird Financial Group Inc. owned approximately 0.06% of Visa worth $355,986,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of V. Decker Retirement Planning Inc. bought a new position in Visa in the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa in the fourth quarter worth $27,000. POM Investment Strategies LLC boosted its holdings in shares of Visa by 48.5% in 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 bought a new position in Visa in the 4th quarter worth about $32,000. Finally, Compass Planning Associates Inc bought a new position in shares of Visa in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 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 transaction of $2,978,899.60. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $185,576.46. This trade represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,208 shares of company stock valued at $48,905,978. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Oppenheimer reissued an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Bank of America upped their target price on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Macquarie cut their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Wells Fargo & Company upped their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and a consensus target price of $362.38.

Visa Trading Up 0.3 %

Shares of NYSE:V traded up $1.07 during midday trading on Monday, hitting $348.67. 3,864,472 shares of the stock traded hands, compared to its average volume of 7,225,088. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business's 50 day moving average is $337.57 and its two-hundred day moving average is $325.48. The stock has a market capitalization of $647.75 billion, a PE ratio of 35.15, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the company posted $2.51 EPS. Visa's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, research analysts forecast 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 will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is currently 23.72%.

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.