Ellenbecker Investment Group Sells 297 Shares of Visa Inc. (NYSE:V)

Ellenbecker Investment Group lowered its stake in Visa Inc. (NYSE:V) by 12.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,040 shares of the credit-card processor’s stock after selling 297 shares during the quarter. Ellenbecker Investment Group’s holdings in Visa were worth $531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in V. Trust Co of Kansas grew its holdings in Visa by 38.2% during the 4th quarter. Trust Co of Kansas now owns 18,802 shares of the credit-card processor’s stock valued at $4,895,000 after buying an additional 5,194 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of Visa by 25.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 10,372 shares of the credit-card processor’s stock worth $2,700,000 after purchasing an additional 2,135 shares during the period. Masso Torrence Wealth Management Inc. lifted its stake in shares of Visa by 8.0% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,512 shares of the credit-card processor’s stock worth $914,000 after acquiring an additional 261 shares during the last quarter. Lorne Steinberg Wealth Management Inc. lifted its stake in shares of Visa by 1.0% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 28,395 shares of the credit-card processor’s stock worth $7,393,000 after acquiring an additional 276 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Visa by 13.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 12,529 shares of the credit-card processor’s stock worth $3,262,000 after acquiring an additional 1,476 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on V shares. Barclays raised their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Citigroup lifted their target price on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday. TD Cowen initiated coverage on Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price for the company. Keefe, Bruyette & Woods lifted their target price on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Evercore ISI boosted their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $302.43.

Visa Trading Up 0.8 %

Visa stock traded up $2.25 during midday trading on Wednesday, reaching $276.36. The stock had a trading volume of 4,181,242 shares, compared to its average volume of 5,853,114. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The stock has a market capitalization of $507.54 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The stock’s 50-day simple moving average is $279.49 and its 200 day simple moving average is $263.90.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.09 earnings per share. Analysts expect that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is 23.94%.

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.