Visa Inc. (NYSE:V) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its position in shares of Visa Inc. (NYSE:V - Free Report) by 16.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,175 shares of the credit-card processor's stock after selling 10,761 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Visa were worth $14,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of V. Peterson Financial Group Inc. acquired a new position in shares of Visa during the third quarter worth about $26,000. POM Investment Strategies LLC grew its holdings in Visa by 970.0% during the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor's stock worth $28,000 after acquiring an additional 97 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Visa in the 3rd quarter valued at approximately $31,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Visa during the 2nd quarter worth $35,000. Finally, Fairway Wealth LLC acquired a new stake in Visa in the second quarter valued at $39,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. BNP Paribas upgraded shares of Visa from a "neutral" rating to an "outperform" rating and set a $325.00 price objective for the company in a research note on Tuesday, September 3rd. Keefe, Bruyette & Woods increased their price target on shares of Visa from $335.00 to $360.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Bank of America lifted their price objective on shares of Visa from $279.00 to $308.00 and gave the company a "neutral" rating in a research note on Tuesday, September 17th. Monness Crespi & Hardt reiterated a "neutral" rating on shares of Visa in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. raised their price target on Visa from $290.00 to $320.00 and gave the stock an "overweight" rating in a report on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Visa has an average rating of "Moderate Buy" and an average price target of $324.74.

Visa Trading Up 0.2 %

Shares of V traded up $0.51 on Friday, hitting $314.74. 4,682,543 shares of the stock traded hands, compared to its average volume of 5,344,075. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $317.42. The stock's 50 day moving average is $299.30 and its two-hundred day moving average is $281.06. The firm has a market capitalization of $586.32 billion, a P/E ratio of 32.35, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the firm posted $2.33 earnings per share. The business's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that Visa Inc. will post 11.23 earnings per share for the current year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from Visa's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa's dividend payout ratio is presently 24.25%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.19% of the company's stock.

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.