Quantum Private Wealth LLC Lowers Position in Visa Inc. (NYSE:V)

Quantum Private Wealth LLC decreased its stake in shares of Visa Inc. (NYSE:V) by 1.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,604 shares of the credit-card processor’s stock after selling 56 shares during the period. Quantum Private Wealth LLC’s holdings in Visa were worth $1,139,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peterson Financial Group Inc. bought a new stake in shares of Visa in the 3rd quarter worth $26,000. Decker Retirement Planning Inc. bought a new stake in Visa in the 4th quarter worth about $26,000. Reston Wealth Management LLC purchased a new stake in Visa in the 3rd quarter valued at about $31,000. POM Investment Strategies LLC lifted its position in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares in the last quarter. Finally, Modus Advisors LLC purchased a new position in shares of Visa in the 4th quarter worth approximately $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,056 shares of company stock valued at $19,830,050. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

V has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Robert W. Baird boosted their price target on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Mizuho raised their price objective on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Morgan Stanley increased their target price on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $354.73.

Visa Price Performance

Visa stock opened at $356.04 on Wednesday. The stock has a market cap of $661.45 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 2.32 and a beta of 0.97. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $326.05 and a 200 day simple moving average of $300.04. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $356.74.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping 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%. On average, research analysts forecast that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is currently 23.79%.

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.