Visa Inc. (NYSE:V) Position Cut by TBH Global Asset Management LLC

TBH Global Asset Management LLC reduced its stake in shares of Visa Inc. (NYSE:V) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,116 shares of the credit-card processor’s stock after selling 3,355 shares during the quarter. TBH Global Asset Management LLC’s holdings in Visa were worth $2,894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in Visa in the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new position in Visa in the 4th quarter worth about $32,000. Valued Wealth Advisors LLC purchased a new position in Visa during the 4th quarter valued at about $37,000. Delos Wealth Advisors LLC grew its stake in Visa by 2,500.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor’s stock valued at $41,000 after acquiring an additional 150 shares in the last quarter. Finally, Tidemark LLC purchased a new position in Visa during the 4th quarter valued at about $51,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,402 shares of company stock valued at $9,559,382. Corporate insiders own 0.19% of the company’s stock.

Visa Trading Up 0.1 %

Shares of NYSE:V traded up $0.26 during trading on Friday, reaching $274.49. The company’s stock had a trading volume of 4,316,456 shares, compared to its average volume of 6,310,495. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The firm’s 50 day simple moving average is $276.88 and its two-hundred day simple moving average is $269.49. The stock has a market capitalization of $502.03 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the company posted $2.09 earnings per share. Visa’s revenue was up 9.9% compared to the same quarter last year. On average, research analysts predict that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s payout ratio is 23.24%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on V. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Raymond James boosted their target price on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Wedbush upped their price target on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, UBS Group upped their price target on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.76.

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.