Fiduciary Alliance LLC Has $3.20 Million Stock Position in Visa Inc. (NYSE:V)

Fiduciary Alliance LLC trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 29.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,119 shares of the credit-card processor's stock after selling 3,744 shares during the period. Fiduciary Alliance LLC's holdings in Visa were worth $3,196,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baker Tilly Wealth Management LLC increased its holdings in shares of Visa by 2.9% during the first quarter. Baker Tilly Wealth Management LLC now owns 12,465 shares of the credit-card processor's stock valued at $4,369,000 after purchasing an additional 348 shares during the period. Woodstock Corp grew its position in Visa by 2.0% in the 1st quarter. Woodstock Corp now owns 37,588 shares of the credit-card processor's stock valued at $13,173,000 after buying an additional 744 shares in the last quarter. Wright Investors Service Inc. increased its stake in Visa by 6.8% during the 1st quarter. Wright Investors Service Inc. now owns 20,763 shares of the credit-card processor's stock valued at $7,277,000 after buying an additional 1,322 shares during the period. American National Bank & Trust raised its position in shares of Visa by 2.8% during the 1st quarter. American National Bank & Trust now owns 53,310 shares of the credit-card processor's stock worth $18,683,000 after buying an additional 1,467 shares in the last quarter. Finally, Advance Capital Management Inc. bought a new stake in shares of Visa during the 1st quarter worth about $225,000. Institutional investors own 82.15% of the company's stock.

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,991,249.33. This trade represents a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,328 shares of company stock worth $38,419,222 in the last three months. 0.13% of the stock is owned by insiders.

Visa Stock Up 0.2%

Shares of NYSE:V traded up $0.80 during trading on Tuesday, reaching $366.12. 5,221,297 shares of the company traded hands, compared to its average volume of 6,996,385. The firm has a fifty day simple moving average of $343.82 and a 200 day simple moving average of $334.27. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $369.15. The firm has a market cap of $675.56 billion, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (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 firm had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter last year, the firm earned $2.51 earnings per share. The business's revenue for the quarter was up 9.3% on a year-over-year basis. Analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. Visa's dividend payout ratio is 23.72%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on V. William Blair reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. BMO Capital Markets boosted their price objective on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and an average price target of $367.48.

About Visa

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.