Visa Inc. (NYSE:V) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC cut its holdings in shares of Visa Inc. (NYSE:V) by 1.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,875 shares of the credit-card processor’s stock after selling 47 shares during the period. Prudent Man Advisors LLC’s holdings in Visa were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Financial Freedom LLC purchased a new stake in shares of Visa during the fourth quarter worth about $32,000. Kalos Management Inc. purchased a new stake in shares of Visa during the first quarter worth about $40,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Visa by 666.7% during the first quarter. Moisand Fitzgerald Tamayo LLC now owns 230 shares of the credit-card processor’s stock worth $52,000 after purchasing an additional 200 shares in the last quarter. Northwest Bank & Trust Co purchased a new stake in shares of Visa during the second quarter worth about $64,000. Finally, FWL Investment Management LLC purchased a new stake in shares of Visa during the fourth quarter worth about $64,000. Institutional investors and hedge funds own 81.35% of the company’s stock.

Insider Activity at Visa

In other Visa news, insider Rajat Taneja sold 15,800 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $250.01, for a total transaction of $3,950,158.00. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $58,030,321.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Alfred F. Kelly, Jr. sold 40,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $236.14, for a total value of $9,445,600.00. Following the completion of the sale, the chairman now owns 139,854 shares in the company, valued at approximately $33,025,123.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rajat Taneja sold 15,800 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $250.01, for a total transaction of $3,950,158.00. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $58,030,321.12. The disclosure for this sale can be found here. Insiders have sold 72,100 shares of company stock valued at $17,368,639 in the last ninety days. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on V. JPMorgan Chase & Co. cut their target price on shares of Visa from $296.00 to $293.00 and set an “overweight” rating for the company in a research note on Monday, October 9th. Royal Bank of Canada upped their price objective on shares of Visa from $265.00 to $290.00 in a research note on Wednesday, July 26th. Susquehanna boosted their target price on shares of Visa from $266.00 to $300.00 in a report on Wednesday, July 26th. Mizuho boosted their target price on shares of Visa from $240.00 to $243.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Finally, Citigroup boosted their target price on shares of Visa from $273.00 to $275.00 in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $275.67.

Visa Stock Down 0.6 %

Shares of NYSE:V traded down $1.54 during trading hours on Monday, reaching $248.02. The stock had a trading volume of 1,590,030 shares, compared to its average volume of 6,001,814. Visa Inc. has a 1 year low of $202.13 and a 1 year high of $250.93. The firm’s 50 day moving average is $238.42 and its 200-day moving average is $236.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 1.45. The stock has a market capitalization of $461.77 billion, a price-to-earnings ratio of 30.07, a P/E/G ratio of 1.66 and a beta of 0.95.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 24th. The credit-card processor reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.10. The firm had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.56 billion. Visa had a net margin of 52.90% and a return on equity of 50.13%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $1.93 EPS. Research analysts predict that Visa Inc. will post 9.9 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.84%. This is an increase from Visa’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, November 8th. Visa’s dividend payout ratio (DPR) is 25.09%.

Visa Profile

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.