Clear Point Advisors Inc. Has $553,000 Stock Position in Visa Inc. (NYSE:V)

Clear Point Advisors Inc. cut its holdings in Visa Inc. (NYSE:V) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,749 shares of the credit-card processor’s stock after selling 48 shares during the quarter. Clear Point Advisors Inc.’s holdings in Visa were worth $553,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Lyell Wealth Management LP lifted its stake in Visa by 0.5% in the 4th quarter. Lyell Wealth Management LP now owns 48,337 shares of the credit-card processor’s stock valued at $15,277,000 after purchasing an additional 263 shares during the last quarter. Timber Creek Capital Management LLC increased its holdings in shares of Visa by 0.4% during the fourth quarter. Timber Creek Capital Management LLC now owns 46,329 shares of the credit-card processor’s stock worth $14,642,000 after buying an additional 179 shares in the last quarter. Atlas Legacy Advisors LLC bought a new position in shares of Visa in the 4th quarter valued at $321,000. Bank of Jackson Hole Trust acquired a new stake in shares of Visa during the 4th quarter valued at $2,190,000. Finally, Lorne Steinberg Wealth Management Inc. grew its position in Visa by 0.5% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 28,201 shares of the credit-card processor’s stock worth $8,913,000 after acquiring an additional 150 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

V has been the subject of several research reports. Robert W. Baird increased their target price on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Oppenheimer boosted their target price on shares of Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, UBS Group lifted their price target on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $355.31.

Visa Trading Down 0.6 %

NYSE:V opened at $348.27 on Friday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $357.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $647.01 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.36 and a beta of 0.97. The firm has a fifty day simple moving average of $329.14 and a two-hundred day simple moving average of $302.03.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 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%. Analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction 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. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,885 shares of company stock worth $19,161,447 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

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.