GC Wealth Management RIA LLC Trims Stock Holdings in Visa Inc. (NYSE:V)

GC Wealth Management RIA LLC decreased its position in shares of Visa Inc. (NYSE:V - Free Report) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,860 shares of the credit-card processor's stock after selling 3,370 shares during the quarter. GC Wealth Management RIA LLC's holdings in Visa were worth $3,432,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Riverstone Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth $217,000. Journey Strategic Wealth LLC raised its position in Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after purchasing an additional 1,361 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Visa during the 4th quarter worth about $10,163,000. Copley Financial Group Inc. bought a new stake in shares of Visa in the 3rd quarter valued at about $616,000. Finally, Calamos Wealth Management LLC increased its stake in shares of Visa by 0.6% in the fourth quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor's stock valued at $24,475,000 after buying an additional 435 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Down 0.0 %

Shares of NYSE V traded down $0.16 during trading on Wednesday, hitting $331.99. The stock had a trading volume of 4,119,748 shares, compared to its average volume of 6,364,983. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a fifty day moving average of $337.01 and a two-hundred day moving average of $309.89. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The company has a market capitalization of $616.75 billion, a PE ratio of 33.54, a PEG ratio of 2.33 and a beta of 0.95.

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Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. Visa's dividend payout ratio (DPR) is currently 23.79%.

Insiders Place Their Bets

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,505 shares of company stock valued at $22,290,507. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on V shares. Bank of America lifted 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. Morgan Stanley boosted their price objective on Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. UBS Group raised their target price on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Citigroup reissued a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Finally, Barclays raised their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average price target of $353.96.

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.