Curi Wealth Management LLC Reduces Stock Position in Visa Inc. (NYSE:V)

Curi Wealth Management LLC cut its stake in Visa Inc. (NYSE:V - Free Report) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,902 shares of the credit-card processor's stock after selling 5,872 shares during the quarter. Visa accounts for about 1.8% of Curi Wealth Management LLC's investment portfolio, making the stock its 15th largest holding. Curi Wealth Management LLC's holdings in Visa were worth $12,732,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new position in Visa in the third quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the 4th quarter valued at approximately $32,000. Valued Wealth Advisors LLC purchased a new stake in Visa in the 4th quarter worth approximately $37,000. Delos Wealth Advisors LLC lifted its holdings in Visa by 2,500.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor's stock valued at $41,000 after purchasing an additional 150 shares in the last quarter. Finally, Advantage Trust Co bought a new stake in shares of Visa during the 4th quarter valued at $52,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

V has been the topic of a number of recent research reports. Royal Bank of Canada upped their price objective on Visa from $309.00 to $315.00 and gave the company an "outperform" rating in a research report on Wednesday, April 24th. Raymond James lifted their price objective on shares of Visa from $287.00 to $311.00 and gave the stock an "outperform" rating in a research note on Friday, January 26th. Evercore ISI raised their target price on shares of Visa from $325.00 to $335.00 and gave the stock an "outperform" rating in a report on Tuesday, March 26th. Macquarie raised their price objective on shares of Visa from $290.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 24th. Finally, Citigroup increased their price target on Visa from $314.00 to $321.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, Visa has an average rating of "Moderate Buy" and an average price target of $303.76.

Visa Trading Down 0.6 %

Shares of V stock traded down $1.78 during trading on Tuesday, hitting $277.61. 18,525,812 shares of the stock traded hands, compared to its average volume of 6,172,909. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The firm has a market capitalization of $507.73 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95. The firm's fifty day moving average price is $277.49 and its 200-day moving average price is $267.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to analysts' expectations of $8.62 billion. During the same period last year, the business earned $2.09 earnings per share. The business's revenue for the quarter was up 9.9% on a year-over-year basis. As a group, research analysts forecast that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa's dividend payout ratio (DPR) is presently 23.24%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares of the company's stock, valued at $150,833.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Ryan Mcinerney sold 8,200 shares of the company's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company's stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

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.

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