Visa Inc. (NYSE:V) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its stake in shares of Visa Inc. (NYSE:VGet Rating) by 45.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,195 shares of the credit-card processor’s stock after selling 10,273 shares during the period. International Assets Investment Management LLC’s holdings in Visa were worth $2,643,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. OLD Mission Capital LLC acquired a new stake in shares of Visa in the third quarter worth $373,000. Morgan Stanley increased its position in shares of Visa by 1.3% in the second quarter. Morgan Stanley now owns 41,708,994 shares of the credit-card processor’s stock worth $9,752,396,000 after acquiring an additional 533,415 shares in the last quarter. Keudell Morrison Wealth Management increased its position in shares of Visa by 1.7% in the third quarter. Keudell Morrison Wealth Management now owns 12,330 shares of the credit-card processor’s stock worth $2,747,000 after acquiring an additional 205 shares in the last quarter. New World Advisors LLC acquired a new stake in shares of Visa in the third quarter worth $457,000. Finally, EagleClaw Capital Managment LLC increased its position in shares of Visa by 1.8% in the third quarter. EagleClaw Capital Managment LLC now owns 22,687 shares of the credit-card processor’s stock worth $5,054,000 after acquiring an additional 400 shares in the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of $223.91, for a total transaction of $2,015,190.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Matschullat sold 1,114 shares of Visa stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $210.94, for a total transaction of $234,987.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,047 shares of company stock worth $9,030,622. 0.21% of the stock is owned by corporate insiders.

V has been the subject of several recent research reports. Credit Suisse Group increased their price objective on shares of Visa from $260.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 27th. Evercore ISI upped their target price on shares of Visa from $304.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, April 27th. Raymond James upped their target price on shares of Visa from $265.00 to $281.00 and gave the company an “outperform” rating in a research note on Friday, January 28th. Wedbush upped their target price on shares of Visa from $240.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 28th. Finally, Robert W. Baird decreased their target price on shares of Visa from $305.00 to $290.00 in a research note on Friday, January 28th. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $265.24.

Shares of Visa stock traded up $5.26 during trading hours on Friday, reaching $199.23. The company’s stock had a trading volume of 6,684,482 shares, compared to its average volume of 7,992,791. The company’s 50 day simple moving average is $211.67 and its 200 day simple moving average is $212.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. Visa Inc. has a one year low of $186.67 and a one year high of $252.67. The stock has a market cap of $378.79 billion, a P/E ratio of 31.33, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90.

Visa (NYSE:VGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. Visa had a net margin of 51.10% and a return on equity of 42.89%. The business had revenue of $7.19 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the company earned $1.38 EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. On average, sell-side analysts predict that Visa Inc. will post 7.14 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, May 12th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 23.58%.

About Visa (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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