Global Assets Advisory LLC Has $787,000 Holdings in Visa Inc. (NYSE:V)

Global Assets Advisory LLC lowered its position in shares of Visa Inc. (NYSE:V - Free Report) by 39.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,504 shares of the credit-card processor's stock after selling 1,660 shares during the quarter. Global Assets Advisory LLC's holdings in Visa were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Decker Retirement Planning Inc. bought a new position in shares of Visa in the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC boosted its stake in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares in the last quarter. Compass Planning Associates Inc bought a new position in shares of Visa during the 4th quarter valued at $32,000. Finally, NewSquare Capital LLC purchased a new position in shares of Visa in the fourth quarter worth about $35,000. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at $188,186.28. This represents a 94.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at $8,642,333.60. This trade represents a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock valued at $41,548,282 in the last three months. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of analyst reports. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Piper Sandler lifted their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Oppenheimer reissued an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Bank of America increased their price target on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $362.38.

Visa Stock Performance

Shares of NYSE:V traded up $3.35 during trading on Monday, reaching $355.89. The company had a trading volume of 7,983,595 shares, compared to its average volume of 7,172,394. The firm has a market capitalization of $661.16 billion, a price-to-earnings ratio of 35.88, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The stock's fifty day moving average price is $336.98 and its 200 day moving average price is $327.32. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. 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 (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 for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.51 earnings per share. As a group, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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 dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio (DPR) 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.