Visa Inc. $V Shares Sold by Obermeyer Wealth Partners

Obermeyer Wealth Partners lessened its holdings in shares of Visa Inc. (NYSE:V) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,987 shares of the credit-card processor’s stock after selling 2,490 shares during the quarter. Obermeyer Wealth Partners’ holdings in Visa were worth $7,711,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of V. Capital World Investors lifted its holdings in Visa by 0.8% during the 3rd quarter. Capital World Investors now owns 24,792,246 shares of the credit-card processor’s stock worth $8,463,484,000 after buying an additional 193,288 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Visa by 4.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,114,674 shares of the credit-card processor’s stock worth $4,475,403,000 after buying an additional 530,995 shares during the last quarter. Legal & General Group Plc lifted its holdings in Visa by 3.3% during the 3rd quarter. Legal & General Group Plc now owns 12,458,913 shares of the credit-card processor’s stock worth $4,253,224,000 after buying an additional 399,845 shares during the last quarter. Invesco Ltd. lifted its holdings in Visa by 12.2% during the 3rd quarter. Invesco Ltd. now owns 11,913,505 shares of the credit-card processor’s stock worth $4,067,032,000 after buying an additional 1,298,435 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Visa by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,418,387 shares of the credit-card processor’s stock worth $2,873,794,000 after buying an additional 108,264 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, Director Lloyd Carney sold 650 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the sale, the director directly owned 2,679 shares in the company, valued at approximately $829,471.98. This represents a 19.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.12% of the company’s stock.

Visa Stock Up 0.1%

Shares of Visa stock opened at $309.66 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is $309.88 and its 200-day simple moving average is $327.83. The stock has a market capitalization of $562.09 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 1.78 and a beta of 0.80. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $375.51.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. The business had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.75 EPS. Equities research analysts forecast that Visa Inc. will post 12.84 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Visa’s dividend payout ratio is presently 25.14%.

Analysts Set New Price Targets

A number of research analysts have commented on V shares. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $410.00 target price on shares of Visa in a report on Friday, January 30th. TD Cowen reaffirmed a “buy” rating on shares of Visa in a report on Friday, January 30th. Citigroup reduced their target price on Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. BMO Capital Markets started coverage on Visa in a report on Tuesday, April 21st. They set an “outperform” rating and a $365.00 target price on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $395.00 target price on shares of Visa in a report on Friday, January 30th. Seven research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Visa has an average rating of “Buy” and a consensus target price of $387.79.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.