Mather Group LLC. Cuts Stock Holdings in Visa Inc. (NYSE:V)

Mather Group LLC. cut its position in shares of Visa Inc. (NYSE:V - Free Report) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,442 shares of the credit-card processor's stock after selling 1,858 shares during the period. Mather Group LLC.'s holdings in Visa were worth $11,517,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverstone Advisors LLC purchased a new stake in shares of Visa during the fourth quarter worth about $217,000. Custom Index Systems LLC acquired a new stake in Visa in the 3rd quarter worth about $731,000. Journey Strategic Wealth LLC increased its stake 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 buying an additional 1,361 shares in the last quarter. Copley Financial Group Inc. acquired a new position in shares of Visa during the third quarter valued at approximately $616,000. Finally, Oak Ridge Investments LLC lifted its position in shares of Visa by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor's stock valued at $23,847,000 after acquiring an additional 4,198 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This represents a 17.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,983 shares of company stock valued at $7,213,146. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

V stock opened at $347.28 on Friday. The business's fifty day moving average price is $319.76 and its 200 day moving average price is $294.76. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $351.25. The company has a market capitalization of $646.94 billion, a PE ratio of 35.01, a P/E/G ratio of 2.30 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45.

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 (EPS) for the quarter, topping 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, sell-side analysts anticipate that Visa Inc. will post 11.2 EPS for the current year.

Visa Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on V shares. Barclays increased their price objective on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday. Susquehanna raised their price target on shares of Visa from $375.00 to $395.00 and gave the stock a "positive" rating in a research note on Friday, January 31st. William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada upped their price target on Visa from $311.00 to $322.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus target price of $354.73.

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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.