Focus Partners Wealth Decreases Stock Position in Visa Inc. (NYSE:V)

Focus Partners Wealth lowered its position in shares of Visa Inc. (NYSE:V - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 340,074 shares of the credit-card processor's stock after selling 21,606 shares during the quarter. Focus Partners Wealth's holdings in Visa were worth $107,477,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Francis Financial Inc. increased its holdings in Visa by 100.1% in the 4th quarter. Francis Financial Inc. now owns 1,597 shares of the credit-card processor's stock worth $505,000 after acquiring an additional 799 shares during the last quarter. Ethic Inc. raised its position in shares of Visa by 14.8% in the fourth quarter. Ethic Inc. now owns 157,367 shares of the credit-card processor's stock valued at $49,734,000 after purchasing an additional 20,323 shares during the period. Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in shares of Visa during the 4th quarter valued at approximately $1,409,000. Fiduciary Trust Co raised its holdings in Visa by 1.1% during the 4th quarter. Fiduciary Trust Co now owns 135,392 shares of the credit-card processor's stock valued at $42,789,000 after acquiring an additional 1,534 shares during the period. Finally, First Manhattan CO. LLC. boosted its holdings in shares of Visa by 0.5% in the fourth quarter. First Manhattan CO. LLC. now owns 1,253,658 shares of the credit-card processor's stock worth $399,454,000 after acquiring an additional 5,704 shares during the period. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on V. Barclays increased their price objective on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Macquarie reduced their target price on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. StockNews.com cut Visa from a "buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group lifted their price target on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $362.38.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $185,576.46. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Friday, March 14th. The stock was 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 directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is owned by corporate insiders.

Visa Trading Up 0.9%

Visa stock traded up $3.35 during mid-day trading on Monday, reaching $355.89. 7,983,595 shares of the company traded hands, compared to its average volume of 7,172,394. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The firm has a market capitalization of $661.16 billion, a price-to-earnings ratio of 35.88, a P/E/G ratio of 2.33 and a beta of 0.96. The firm's 50 day moving average price is $336.98 and its 200 day moving average price is $327.32.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS 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 analyst estimates of $9.57 billion. During the same period last year, the business posted $2.51 earnings per share. Visa's quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa's payout ratio is 23.72%.

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.