Visa Inc. (NYSE:V) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its position in Visa Inc. (NYSE:VFree Report) by 12.4% in the fourth quarter, HoldingsChannel reports. The firm owned 100,954 shares of the credit-card processor’s stock after selling 14,351 shares during the period. Visa makes up about 0.7% of Securian Asset Management Inc.’s portfolio, making the stock its 22nd biggest holding. Securian Asset Management Inc.’s holdings in Visa were worth $26,283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in Visa in the third quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $32,000. Valued Wealth Advisors LLC purchased a new position in shares of Visa during the 4th quarter worth approximately $37,000. Delos Wealth Advisors LLC increased its holdings in Visa by 2,500.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor’s stock valued at $41,000 after purchasing an additional 150 shares during the last quarter. Finally, Advantage Trust Co purchased a new stake in Visa in the fourth quarter valued at approximately $52,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 0.1 %

Visa stock traded up $0.26 during mid-day trading on Friday, hitting $280.10. The company had a trading volume of 6,177,831 shares, compared to its average volume of 8,406,133. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The business has a fifty day moving average of $277.51 and a 200 day moving average of $268.73. The stock has a market cap of $512.29 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 1.92 and a beta of 0.95.

Visa (NYSE:VGet Free Report) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period last year, the firm posted $2.09 EPS. The company’s revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts expect that Visa Inc. will post 9.94 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, June 3rd. Investors of record on Friday, May 17th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.74%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. Insiders sold a total of 34,402 shares of company stock valued at $9,559,382 in the last three months. 0.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank of Canada raised their price target on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Wedbush raised their target price on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Robert W. Baird boosted their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Oppenheimer increased their price target on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Check Out Our Latest Stock Analysis on Visa

Visa Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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