Kingswood Wealth Advisors LLC Sells 14,712 Shares of Visa Inc. (NYSE:V)

Kingswood Wealth Advisors LLC lowered its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 48.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,712 shares of the credit-card processor's stock after selling 14,712 shares during the period. Kingswood Wealth Advisors LLC's holdings in Visa were worth $4,966,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Custom Index Systems LLC acquired a new position in Visa in the 3rd quarter worth about $731,000. Copley Financial Group Inc. acquired a new position in shares of Visa in the third quarter valued at approximately $616,000. Oak Ridge Investments LLC raised its holdings in Visa by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor's stock valued at $23,847,000 after buying an additional 4,198 shares during the last quarter. FORA Capital LLC acquired a new stake in Visa during the 3rd quarter worth approximately $7,987,000. Finally, Chicago Capital LLC grew its holdings in Visa by 5.2% during the 3rd quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor's stock worth $111,331,000 after acquiring an additional 20,023 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company's stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on V shares. Jefferies Financial Group lifted their price target on shares of Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Susquehanna upped their price target on Visa from $375.00 to $395.00 and gave the company a "positive" rating in a research report on Friday. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Robert W. Baird upped their target price on Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Macquarie raised their price target on shares of Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $352.27.

Visa Stock Down 0.3 %

V stock traded down $1.00 during mid-day trading on Friday, reaching $342.05. 8,623,980 shares of the company traded hands, compared to its average volume of 5,066,612. The stock has a market cap of $637.19 billion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 2.27 and a beta of 0.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $351.25. The firm's 50 day moving average price is $317.74 and its 200 day moving average price is $292.96. 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 quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. As a group, equities research analysts predict that Visa Inc. will post 11.18 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 24.25%.

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.