Bison Wealth LLC Sells 7,944 Shares of Visa Inc. (NYSE:V)

Bison Wealth LLC lessened its stake in Visa Inc. (NYSE:V - Free Report) by 59.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,332 shares of the credit-card processor's stock after selling 7,944 shares during the quarter. Bison Wealth LLC's holdings in Visa were worth $1,685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Navigoe LLC acquired a new position in Visa during the 4th quarter worth approximately $53,000. Bridgewealth Advisory Group LLC acquired a new position in Visa during the fourth quarter worth $241,000. Voleon Capital Management LP bought a new position in Visa in the fourth quarter valued at $2,261,000. Leith Wheeler Investment Counsel Ltd. increased its stake in Visa by 5.3% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 109,446 shares of the credit-card processor's stock valued at $34,589,000 after buying an additional 5,517 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Visa by 4.2% during the 4th quarter. AQR Capital Management LLC now owns 1,030,318 shares of the credit-card processor's stock worth $325,622,000 after buying an additional 41,165 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on V. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a report on Thursday, February 13th. The Goldman Sachs Group increased their price objective on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. Oppenheimer restated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. BMO Capital Markets lifted their price objective on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Macquarie dropped their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average price target of $362.38.

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The stock was 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 approximately $4,121,041.50. The trade was a 17.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $2,930,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,400 shares of company stock worth $52,711,258. Insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of Visa stock traded up $5.21 on Friday, reaching $347.66. 6,112,726 shares of the stock were exchanged, compared to its average volume of 7,225,064. The firm's 50 day moving average is $337.61 and its 200-day moving average is $324.57. The firm has a market cap of $645.87 billion, a PE ratio of 35.05, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter in the previous year, the business posted $2.51 earnings per share. The business's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa's dividend payout ratio (DPR) is presently 23.72%.

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.