Visa Inc. (NYSE:V) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE reduced its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,159 shares of the credit-card processor's stock after selling 10,880 shares during the quarter. Visa accounts for 0.7% of Congress Wealth Management LLC DE's portfolio, making the stock its 28th biggest holding. Congress Wealth Management LLC DE's holdings in Visa were worth $49,353,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Clune & Associates LTD. purchased a new stake in Visa in the fourth quarter worth approximately $507,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Visa during the 4th quarter valued at $47,000. Crowley Wealth Management Inc. purchased a new position in shares of Visa in the 4th quarter worth $1,361,000. Vanguard Group Inc. grew its holdings in shares of Visa by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares during the period. Finally, Community Bank N.A. grew its holdings in shares of Visa by 0.4% in the fourth quarter. Community Bank N.A. now owns 13,708 shares of the credit-card processor's stock worth $4,332,000 after acquiring an additional 55 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,205 shares of company stock valued at $48,560,961. Corporate insiders own 0.13% of the company's stock.

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Analyst Ratings Changes

Several research analysts have issued reports on V shares. Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna reiterated a "positive" rating on shares of Visa in a research note on Friday. William Blair restated an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Finally, Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $353.96.

Visa Stock Up 0.3 %

Shares of V stock traded up $1.08 during mid-day trading on Tuesday, hitting $344.95. The stock had a trading volume of 3,930,720 shares, compared to its average volume of 6,717,931. The firm has a market capitalization of $640.84 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The firm's 50-day moving average is $341.94 and its two-hundred day moving average is $314.21.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio (DPR) is 23.79%.

About Visa

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.