Pathstone Holdings LLC Sells 10,058 Shares of Visa Inc. (NYSE:V)

Pathstone Holdings LLC reduced its stake in Visa Inc. (NYSE:V) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 276,778 shares of the credit-card processor’s stock after selling 10,058 shares during the period. Pathstone Holdings LLC’s holdings in Visa were worth $87,486,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new stake in Visa in the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa in the 4th quarter worth about $27,000. POM Investment Strategies LLC increased its stake in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the last quarter. Compass Planning Associates Inc bought a new position in shares of Visa during the 4th quarter worth approximately $32,000. Finally, NewSquare Capital LLC purchased a new position in shares of Visa in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on V shares. Piper Sandler lifted their price target on Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Evercore ISI started coverage on shares of Visa in a research report on Wednesday, April 9th. They set an “in-line” rating and a $330.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Barclays boosted their target price on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $362.38.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 14,813 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $9,377,671.52. The trade was a 35.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock valued at $41,548,282 in the last quarter. Insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of NYSE:V opened at $356.13 on Wednesday. The company has a 50 day moving average of $337.30 and a 200 day moving average of $328.04. 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 cap of $661.61 billion, a P/E ratio of 35.90, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.51 earnings per share. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa’s payout ratio is 23.72%.

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.