Visa Inc. (NYSE:V) Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC decreased its position in Visa Inc. (NYSE:V - Free Report) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,341 shares of the credit-card processor's stock after selling 707 shares during the quarter. Rothschild Investment LLC's holdings in Visa were worth $10,633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverstone Advisors LLC purchased a new stake in shares of Visa during the fourth quarter worth $217,000. Blue Rock Wealth Management LLC purchased a new stake in shares of Visa during the fourth quarter worth $306,000. Aptus Capital Advisors LLC increased its position in shares of Visa by 19.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock worth $57,727,000 after acquiring an additional 30,185 shares during the period. Journey Strategic Wealth LLC increased its position in shares of 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 during the period. Finally, King Wealth Management Group increased its position 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 worth $23,663,000 after acquiring an additional 6,172 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. This trade represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,328 shares of company stock worth $38,419,222. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

V has been the topic of a number of recent research reports. UBS Group upped their price objective on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. William Blair reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. BMO Capital Markets boosted their target price on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Macquarie lowered their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and an average price target of $367.48.

Visa Stock Performance

Shares of V traded down $0.05 during mid-day trading on Monday, hitting $365.14. 3,845,682 shares of the company's stock were exchanged, compared to its average volume of 7,003,419. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $369.15. The firm has a market capitalization of $673.74 billion, a P/E ratio of 36.81, a P/E/G ratio of 2.33 and a beta of 0.96. The business's 50 day moving average is $343.40 and its two-hundred day moving average is $333.88. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the firm earned $2.51 earnings per share. The business's quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. Visa's dividend payout ratio (DPR) is 23.72%.

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.