Wealth Alliance Has $3.60 Million Stock Holdings in Visa Inc. (NYSE:V)

Wealth Alliance decreased its position in shares of Visa Inc. (NYSE:V) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,386 shares of the credit-card processor’s stock after selling 68 shares during the period. Wealth Alliance’s holdings in Visa were worth $3,598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB raised its holdings in shares of Visa by 10.7% during the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after purchasing an additional 199,440 shares in the last quarter. Howard Capital Management Group LLC lifted its position in shares of Visa by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after buying an additional 610 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Visa by 9.5% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 1,435 shares of the credit-card processor’s stock worth $395,000 after buying an additional 125 shares during the last quarter. Bogart Wealth LLC increased its holdings in shares of Visa by 2.1% during the 3rd quarter. Bogart Wealth LLC now owns 57,851 shares of the credit-card processor’s stock valued at $15,906,000 after acquiring an additional 1,196 shares during the last quarter. Finally, Cambridge Advisors Inc. increased its holdings in shares of Visa by 2.7% during the 3rd quarter. Cambridge Advisors Inc. now owns 4,768 shares of the credit-card processor’s stock valued at $1,311,000 after acquiring an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction 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 legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,885 shares of company stock valued at $19,161,447 in the last ninety days. Insiders own 0.13% of the company’s stock.

Visa Trading Down 0.6 %

V stock opened at $348.27 on Friday. Visa Inc. has a 1-year low of $252.70 and a 1-year 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 business’s 50 day moving average is $329.14 and its 200-day moving average is $302.34. The firm has a market cap of $647.01 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.33 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Wall Street Analyst Weigh In

V has been the subject of several analyst reports. BMO Capital Markets boosted their target price on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird boosted their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. TD Cowen raised their price target on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, UBS Group boosted their price objective on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $353.96.

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.