Tolleson Wealth Management Inc. Cuts Stock Position in Visa Inc. $V

Key Points

• Tolleson Wealth Management Inc. reduced its stake in Visa Inc. by 22.8% during the first quarter, now holding 2,809 shares valued at approximately $984,000.
• Several other institutional investors, including Keystone Global Partners LLC and von Borstel & Associates Inc., have recently taken new positions in Visa, indicating ongoing interest from the investment community.
• Visa reported a net margin of 52.16% and revenue growth of 14.3% year-over-year, surpassing analysts' expectations for the most recent quarter, with an EPS of $2.98.

Tolleson Wealth Management Inc. lessened its position in shares of Visa Inc. (NYSE:V - Free Report) by 22.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,809 shares of the credit-card processor's stock after selling 830 shares during the quarter. Tolleson Wealth Management Inc.'s holdings in Visa were worth $984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Keystone Global Partners LLC acquired a new position in shares of Visa during the first quarter worth $26,000. von Borstel & Associates Inc. acquired a new stake in shares of Visa in the 1st quarter worth $27,000. 1 North Wealth Services LLC acquired a new stake in shares of Visa in the 1st quarter worth $38,000. Measured Risk Portfolios Inc. purchased a new position in Visa during the 4th quarter worth $47,000. Finally, O Brien Wealth Partners LLC acquired a new position in Visa during the 1st quarter valued at about $54,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on V. Deutsche Bank Aktiengesellschaft started coverage on Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 price target for the company. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Barclays reiterated an "overweight" rating and issued a $408.00 target price (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. UBS Group reissued a "buy" rating and set a $415.00 target price (up previously from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Finally, Raymond James Financial restated an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and a consensus target price of $385.96.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the transaction, the insider owned 26,413 shares in the company, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,293 shares of company stock worth $8,114,295 over the last three months. Company insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of NYSE V opened at $343.02 on Friday. The business's 50 day moving average price is $348.51 and its 200 day moving average price is $347.22. The firm has a market cap of $628.67 billion, a P/E ratio of 33.50, a P/E/G ratio of 2.28 and a beta of 0.92. Visa Inc. has a 52 week low of $268.23 and a 52 week high of $375.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same period last year, the firm posted $2.42 EPS. Visa's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's dividend payout ratio (DPR) is 23.05%.

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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