Symphony Financial Ltd. Co. Sells 10,107 Shares of Visa Inc. (NYSE:V)

Symphony Financial Ltd. Co. lessened its stake in shares of Visa Inc. (NYSE:V - Free Report) by 91.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 952 shares of the credit-card processor's stock after selling 10,107 shares during the quarter. Symphony Financial Ltd. Co.'s holdings in Visa were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of V. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa during the fourth quarter worth approximately $27,000. NewSquare Capital LLC bought a new stake in Visa during the 4th quarter worth approximately $35,000. FPC Investment Advisory Inc. increased its holdings in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after purchasing an additional 83 shares in the last quarter. Sellwood Investment Partners LLC acquired a new stake in Visa during the 4th quarter valued at $41,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Visa in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Price Performance

V opened at $351.65 on Wednesday. The stock has a market cap of $648.84 billion, a P/E ratio of 35.34, a P/E/G ratio of 2.31 and a beta of 0.94. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $352.27 and a 200 day simple moving average of $339.26.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the company earned $2.51 earnings per share. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. BMO Capital Markets raised their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. UBS Group raised their price objective on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. William Blair reiterated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Evercore ISI assumed coverage on shares of Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. Finally, Barclays reissued an "overweight" rating on shares of Visa in a report on Friday, June 13th. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $372.80.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was 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 owns 11,925 shares of the company's stock, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 14,813 shares of Visa stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $9,377,671.52. This trade represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,098 shares of company stock valued at $36,738,526 over the last quarter. Corporate insiders own 0.13% of the company's stock.

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.

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