Visa Inc. (NYSE:V) Shares Sold by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC lessened its position in shares of Visa Inc. (NYSE:V) by 18.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,934 shares of the credit-card processor’s stock after selling 2,405 shares during the quarter. Visa makes up 0.5% of Gryphon Financial Partners LLC’s holdings, making the stock its 28th biggest position. Gryphon Financial Partners LLC’s holdings in Visa were worth $3,455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC grew its position in shares of Visa by 5.7% in the fourth quarter. Meridian Wealth Management LLC now owns 21,863 shares of the credit-card processor’s stock valued at $6,909,000 after purchasing an additional 1,186 shares during the period. Detalus Advisors LLC grew its position in shares of Visa by 16.8% in the fourth quarter. Detalus Advisors LLC now owns 2,768 shares of the credit-card processor’s stock valued at $875,000 after purchasing an additional 399 shares during the period. Auxano Advisors LLC grew its position in shares of Visa by 2.3% in the fourth quarter. Auxano Advisors LLC now owns 10,274 shares of the credit-card processor’s stock valued at $3,247,000 after purchasing an additional 227 shares during the period. Keystone Wealth Services LLC grew its position in shares of Visa by 1.7% in the fourth quarter. Keystone Wealth Services LLC now owns 4,198 shares of the credit-card processor’s stock valued at $1,327,000 after purchasing an additional 70 shares during the period. Finally, Garrett Wealth Advisory Group LLC grew its position in shares of Visa by 65.8% in the fourth quarter. Garrett Wealth Advisory Group LLC now owns 1,650 shares of the credit-card processor’s stock valued at $522,000 after purchasing an additional 655 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Visa stock opened at $361.60 on Tuesday. The company’s 50 day simple moving average is $333.92 and its 200-day simple moving average is $306.64. The company has a market capitalization of $671.77 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. Visa Inc. has a 1 year low of $252.70 and a 1 year 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.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Insider Activity at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,885 shares of company stock worth $19,161,447. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

V has been the topic of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. UBS Group boosted their price target on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Susquehanna boosted their price target on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research report on Friday, February 21st. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

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.