Visa Inc. (NYSE:V) Shares Sold by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC decreased its holdings in shares of Visa Inc. (NYSE:V) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,681 shares of the credit-card processor’s stock after selling 311 shares during the period. Visa comprises about 1.4% of Live Oak Private Wealth LLC’s portfolio, making the stock its 24th largest holding. Live Oak Private Wealth LLC’s holdings in Visa were worth $8,432,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Beese Fulmer Investment Management Inc. boosted its position in Visa by 0.9% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 4,490 shares of the credit-card processor’s stock valued at $1,419,000 after purchasing an additional 40 shares during the period. Fairvoy Private Wealth LLC bought a new stake in Visa in the fourth quarter valued at $245,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Visa by 9.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 63,315 shares of the credit-card processor’s stock valued at $20,010,000 after acquiring an additional 5,450 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Visa by 3.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,188 shares of the credit-card processor’s stock worth $143,858,000 after acquiring an additional 13,249 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Visa by 9.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,290,780 shares of the credit-card processor’s stock worth $1,356,058,000 after acquiring an additional 366,012 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on V shares. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada increased their price objective on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their target price on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. UBS Group boosted their price target on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Barclays lifted their price objective on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $354.73.

Insiders Place Their Bets

In related news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is currently owned by company insiders.

Visa Stock Performance

Shares of V opened at $348.26 on Monday. Visa Inc. has a one year low of $252.70 and a one year high of $351.25. The company has a 50-day moving average of $321.08 and a two-hundred day moving average of $295.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The stock has a market cap of $647.00 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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 research analysts expect that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

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.