Visa Inc. (NYSE:V) Shares Sold by Greenleaf Trust

Greenleaf Trust decreased its position in Visa Inc. (NYSE:V - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 218,140 shares of the credit-card processor's stock after selling 5,411 shares during the period. Visa makes up approximately 0.6% of Greenleaf Trust's holdings, making the stock its 12th biggest position. Greenleaf Trust's holdings in Visa were worth $56,793,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new position in shares of Visa in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the fourth quarter valued at approximately $32,000. Financial Freedom LLC acquired a new position in Visa in the 4th quarter worth approximately $32,000. Nalls Sherbakoff Group LLC boosted its stake in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor's stock worth $33,000 after purchasing an additional 120 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new position in Visa in the 4th quarter worth approximately $37,000. Institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on V. Barclays raised their price target on shares of Visa from $304.00 to $319.00 and gave the company an "overweight" rating in a report on Monday, January 29th. TD Cowen initiated coverage on shares of Visa in a report on Thursday, April 11th. They issued a "buy" rating and a $320.00 target price on the stock. Wedbush lifted their target price on shares of Visa from $270.00 to $280.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. Raymond James lifted their target price on shares of Visa from $287.00 to $311.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. Finally, Robert W. Baird lifted their target price on shares of Visa from $314.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $298.43.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company's stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company's stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,965 shares of company stock worth $5,256,352. Corporate insiders own 0.19% of the company's stock.

Visa Price Performance

NYSE:V traded down $1.59 on Friday, reaching $269.78. The stock had a trading volume of 7,905,368 shares, compared to its average volume of 6,497,276. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The stock has a fifty day moving average price of $279.58 and a 200-day moving average price of $263.35. The company has a market capitalization of $495.45 billion, a P/E ratio of 31.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same period in the prior year, the business earned $2.18 earnings per share. Visa's quarterly revenue was up 9.3% on a year-over-year basis. Research analysts forecast that Visa Inc. will post 9.88 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa's payout ratio is 23.94%.

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.