Beacon Pointe Advisors LLC Cuts Stock Position in Visa Inc. (NYSE:V)

Beacon Pointe Advisors LLC decreased its position in Visa Inc. (NYSE:V - Free Report) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,627 shares of the credit-card processor's stock after selling 14,373 shares during the quarter. Visa accounts for 0.8% of Beacon Pointe Advisors LLC's portfolio, making the stock its 24th largest position. Beacon Pointe Advisors LLC's holdings in Visa were worth $70,359,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of V. Riverstone Advisors LLC bought a new position in Visa in the fourth quarter worth $217,000. Journey Strategic Wealth LLC boosted its stake in Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after acquiring an additional 1,361 shares in the last quarter. King Wealth Management Group increased its stake in shares of Visa by 9.0% during the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after purchasing an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Visa in the 4th quarter worth approximately $10,163,000. Finally, Copley Financial Group Inc. purchased a new stake in shares of Visa in the 3rd quarter worth approximately $616,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at $188,186.28. This represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on V. Evercore ISI assumed coverage on Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective on the stock. Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Citigroup reiterated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, StockNews.com downgraded Visa from a "buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $358.17.

Visa Price Performance

NYSE:V opened at $335.50 on Monday. The firm has a market capitalization of $623.28 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.33 and a beta of 0.94. 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 business has a 50 day simple moving average of $338.42 and a 200-day simple moving average of $322.98. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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%. Equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 0.70%. Visa's payout ratio is 23.79%.

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.

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