Visa Inc. (NYSE:V) Shares Sold by Bulltick Wealth Management LLC

Bulltick Wealth Management LLC trimmed its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 17.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,196 shares of the credit-card processor's stock after selling 3,809 shares during the period. Visa comprises approximately 1.3% of Bulltick Wealth Management LLC's investment portfolio, making the stock its 14th biggest position. Bulltick Wealth Management LLC's holdings in Visa were worth $5,751,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Visa during the 4th quarter worth about $5,171,271,000. Vanguard Group Inc. raised its position in Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after acquiring an additional 7,079,706 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Visa during the 4th quarter worth $1,955,403,000. Proficio Capital Partners LLC raised its holdings in shares of Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock valued at $1,248,079,000 after purchasing an additional 3,926,049 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Visa by 18.0% in the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after purchasing an additional 2,785,707 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on V shares. BMO Capital Markets raised their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. 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. UBS Group reduced their price objective on shares of Visa from $400.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, Susquehanna reiterated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $362.38.

Visa Stock Up 1.5 %

Shares of NYSE V opened at $347.66 on Monday. The stock has a market cap of $645.87 billion, a PE ratio of 35.05, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 52-week low of $252.70 and a 52-week 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. The business has a fifty day moving average of $337.61 and a two-hundred day moving average of $325.07.

Visa (NYSE:V - Get Free Report) last issued 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 analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.51 earnings per share. As a group, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

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 given a $0.59 dividend. 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 is currently 23.72%.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,208 shares of company stock valued at $48,905,978 over the last three months. Company insiders own 0.13% of the company's stock.

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.

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