Angeles Investment Advisors LLC Cuts Stake in Visa Inc. (NYSE:V)

Angeles Investment Advisors LLC lessened its position in Visa Inc. (NYSE:V - Free Report) by 31.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,296 shares of the credit-card processor's stock after selling 1,069 shares during the quarter. Angeles Investment Advisors LLC's holdings in Visa were worth $726,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in V. Riverstone Advisors LLC purchased a new stake in Visa in the fourth quarter worth about $217,000. Journey Strategic Wealth LLC raised its stake in Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock valued at $3,058,000 after buying an additional 1,361 shares during the last quarter. King Wealth Management Group boosted its holdings in Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after acquiring an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Visa during the fourth quarter worth about $10,163,000. Finally, Copley Financial Group Inc. acquired a new position in shares of Visa during the third quarter valued at about $616,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction dated 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 completion of the sale, the insider now directly owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. This represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,560,961 over the last ninety days. Insiders own 0.13% of the company's stock.

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Analysts Set New Price Targets

Several analysts have weighed in on V shares. Wells Fargo & Company boosted their target price on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. The Goldman Sachs Group raised their target price on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Bank of America raised their price objective on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. StockNews.com raised shares of Visa from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Finally, Citigroup reissued a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $353.96.

Visa Stock Up 0.3 %

V stock traded up $1.08 during midday trading on Tuesday, hitting $344.95. The company's stock had a trading volume of 3,930,720 shares, compared to its average volume of 6,717,931. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The firm has a 50-day simple moving average of $341.94 and a 200-day simple moving average of $314.21. 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 capitalization of $640.84 billion, a P/E ratio of 34.77, a PEG ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. As a group, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio is currently 23.79%.

Visa 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.