Wilmington Savings Fund Society FSB Sells 942 Shares of Visa Inc. (NYSE:V)

Wilmington Savings Fund Society FSB reduced its stake in Visa Inc. (NYSE:V) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,894 shares of the credit-card processor’s stock after selling 942 shares during the period. Visa accounts for 0.7% of Wilmington Savings Fund Society FSB’s portfolio, making the stock its 27th largest position. Wilmington Savings Fund Society FSB’s holdings in Visa were worth $38,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Affiance Financial LLC increased its stake in shares of Visa by 5.4% in the 3rd quarter. Affiance Financial LLC now owns 954 shares of the credit-card processor’s stock worth $262,000 after acquiring an additional 49 shares in the last quarter. Martin Capital Advisors LLP grew its holdings in Visa by 0.6% in the third quarter. Martin Capital Advisors LLP now owns 11,221 shares of the credit-card processor’s stock worth $3,085,000 after purchasing an additional 66 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in shares of Visa by 1.0% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 163,901 shares of the credit-card processor’s stock valued at $45,065,000 after purchasing an additional 1,575 shares in the last quarter. Thomasville National Bank lifted its holdings in shares of Visa by 3.6% during the third quarter. Thomasville National Bank now owns 113,108 shares of the credit-card processor’s stock valued at $31,099,000 after purchasing an additional 3,903 shares during the last quarter. Finally, Capricorn Fund Managers Ltd boosted its position in shares of Visa by 75.7% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 19,554 shares of the credit-card processor’s stock worth $5,376,000 after purchasing an additional 8,422 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Up 0.9 %

Shares of V stock opened at $351.26 on Tuesday. The company has a 50 day simple moving average of $321.08 and a two-hundred day simple moving average of $296.19. The stock has a market cap of $652.56 billion, a P/E ratio of 35.41, a P/E/G 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 $351.90. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45.

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

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s payout ratio is currently 23.79%.

Insider Activity

In other news, insider Paul D. Fabara sold 2,171 shares of the business’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 transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,056 shares of company stock valued at $19,830,050 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on V. Bank of America raised their price objective on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their price target on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Macquarie raised their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley upped their target price on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $354.73.

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.