Swisher Financial Concepts Inc. Has $392,000 Stock Holdings in Visa Inc. (NYSE:V)

Swisher Financial Concepts Inc. trimmed its holdings in shares of Visa Inc. (NYSE:V) by 50.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,239 shares of the credit-card processor’s stock after selling 1,277 shares during the quarter. Swisher Financial Concepts Inc.’s holdings in Visa were worth $392,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Bank of Nova Scotia raised its position in shares of Visa by 5.0% during the fourth quarter. Bank of Nova Scotia now owns 426,549 shares of the credit-card processor’s stock worth $134,884,000 after purchasing an additional 20,389 shares during the period. Shelton Capital Management grew its holdings in shares of Visa by 1.7% during the fourth quarter. Shelton Capital Management now owns 33,708 shares of the credit-card processor’s stock valued at $10,653,000 after buying an additional 562 shares during the last quarter. Southeast Asset Advisors LLC increased its position in shares of Visa by 2.9% during the fourth quarter. Southeast Asset Advisors LLC now owns 10,436 shares of the credit-card processor’s stock worth $3,298,000 after acquiring an additional 291 shares in the last quarter. Canopy Partners LLC raised its holdings in shares of Visa by 65.8% in the 4th quarter. Canopy Partners LLC now owns 9,229 shares of the credit-card processor’s stock worth $2,917,000 after acquiring an additional 3,663 shares during the last quarter. Finally, Krane Funds Advisors LLC acquired a new position in Visa during the 4th quarter valued at about $272,000. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

V has been the topic of a number of recent research reports. UBS Group raised their target price on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Bank of America lifted their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Wells Fargo & Company increased their target price on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Citigroup reaffirmed a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.84.

Visa Trading Down 0.4 %

Shares of V stock opened at $311.93 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market cap of $579.50 billion, a P/E ratio of 31.44, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The business has a 50-day moving average price of $344.58 and a two-hundred day moving average price of $317.46. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54.

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

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.76%. Visa’s payout ratio is 23.79%.

Insider Activity

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by insiders.

Visa Company 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.