Visa Inc. (NYSE:V) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc reduced its stake in shares of Visa Inc. (NYSE:V) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,815 shares of the credit-card processor’s stock after selling 48 shares during the period. AdvisorNet Financial Inc’s holdings in Visa were worth $2,154,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PFW Advisors LLC bought a new stake in shares of Visa in the 4th quarter valued at approximately $2,749,000. Marion Wealth Management acquired a new position in Visa in the fourth quarter worth $212,000. Miracle Mile Advisors LLC increased its stake in Visa by 47.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 38,173 shares of the credit-card processor’s stock valued at $12,064,000 after purchasing an additional 12,334 shares during the last quarter. Northstar Advisory Group LLC increased its stake in Visa by 47.1% during the fourth quarter. Northstar Advisory Group LLC now owns 1,515 shares of the credit-card processor’s stock valued at $479,000 after purchasing an additional 485 shares during the last quarter. Finally, Sunflower Bank N.A. raised its holdings in shares of Visa by 12.5% during the fourth quarter. Sunflower Bank N.A. now owns 4,002 shares of the credit-card processor’s stock worth $1,265,000 after purchasing an additional 446 shares during the period. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on V shares. Jefferies Financial Group boosted their price objective on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup increased their price target on Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets boosted their price objective on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Macquarie upped their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $331.92.

Visa Price Performance

Shares of NYSE V opened at $309.24 on Wednesday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $321.61. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average of $312.76 and a two-hundred day moving average of $287.65. The company has a market capitalization of $576.08 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.33 earnings per share. As a group, analysts expect that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s payout ratio is presently 24.25%.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Visa Company 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.