Migdal Insurance & Financial Holdings Ltd. Lowers Position in Visa Inc. (NYSE:V)

Migdal Insurance & Financial Holdings Ltd. decreased its holdings in shares of Visa Inc. (NYSE:V) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,828 shares of the credit-card processor’s stock after selling 958 shares during the quarter. Visa accounts for approximately 1.0% of Migdal Insurance & Financial Holdings Ltd.’s portfolio, making the stock its 29th largest position. Migdal Insurance & Financial Holdings Ltd.’s holdings in Visa were worth $67,894,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Peterson Financial Group Inc. purchased a new position in shares of Visa during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in Visa during the fourth quarter valued at approximately $26,000. Reston Wealth Management LLC bought a new position in Visa during the third quarter valued at approximately $31,000. Modus Advisors LLC purchased a new position in shares of Visa during the fourth quarter worth approximately $32,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $44,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is owned by insiders.

Visa Stock Performance

Shares of V stock opened at $348.26 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The company’s fifty day moving average price is $321.08 and its 200-day moving average price is $295.90. The stock has a market cap of $647.00 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $351.25.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, equities analysts expect that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Oppenheimer lifted their target price on shares of Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Bank of America lifted their price objective on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Robert W. Baird increased their target price on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price objective on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $354.73.

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.