McClarren Financial Advisors Inc. Has $51,000 Stock Position in Visa Inc. (NYSE:V)

McClarren Financial Advisors Inc. lowered its position in shares of Visa Inc. (NYSE:V) by 61.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 164 shares of the credit-card processor’s stock after selling 264 shares during the quarter. McClarren Financial Advisors Inc.’s holdings in Visa were worth $51,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of V. Creative Planning increased its position in shares of Visa by 2.4% in the third quarter. Creative Planning now owns 566,729 shares of the credit-card processor’s stock worth $155,822,000 after purchasing an additional 13,318 shares during the period. Swedbank AB increased its position in shares of Visa by 10.7% in the third quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock worth $566,153,000 after purchasing an additional 199,440 shares during the period. Ironwood Financial llc bought a new position in shares of Visa in the third quarter worth $230,000. Naviter Wealth LLC increased its position in shares of Visa by 0.5% in the third quarter. Naviter Wealth LLC now owns 11,699 shares of the credit-card processor’s stock worth $3,217,000 after purchasing an additional 63 shares during the period. Finally, Perigon Wealth Management LLC bought a new position in shares of Visa in the third quarter worth $34,713,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Visa stock opened at $353.73 on Friday. Visa Inc. has a one year low of $252.70 and a one year high of $356.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The stock’s 50 day moving average is $324.29 and its 200 day moving average is $298.30. The firm has a market cap of $657.15 billion, a P/E ratio of 35.66, a P/E/G ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, research analysts expect that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Royal Bank of Canada raised their price target on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Bank of America lifted their target price on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Citigroup lifted their target price on Visa from $354.00 to $393.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group lifted their target price on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $354.73.

Visa 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.