Private Wealth Partners LLC Lowers Holdings in Visa Inc. (NYSE:V)

Private Wealth Partners LLC trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 169,789 shares of the credit-card processor's stock after selling 2,415 shares during the period. Visa accounts for approximately 4.1% of Private Wealth Partners LLC's holdings, making the stock its 6th biggest position. Private Wealth Partners LLC's holdings in Visa were worth $53,660,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new position in Visa during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the 4th quarter worth about $26,000. Reston Wealth Management LLC bought a new stake in shares of Visa during the 3rd quarter worth about $31,000. POM Investment Strategies LLC raised its position in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares in the last quarter. Finally, Modus Advisors LLC bought a new stake in shares of Visa during the 4th quarter worth about $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the 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 completion of the transaction, the insider now owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,885 shares of company stock worth $19,161,447 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on V shares. Oppenheimer restated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Jefferies Financial Group boosted their price target on shares of Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their price target on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Raymond James reiterated an "outperform" rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Finally, Mizuho boosted their target price on shares of Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $353.96.

Visa Stock Performance

Shares of Visa stock traded down $2.22 on Friday, reaching $348.27. The stock had a trading volume of 6,910,504 shares, compared to its average volume of 5,472,298. The business's 50-day moving average price is $329.14 and its two-hundred day moving average price is $302.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $357.15. The stock has a market cap of $647.01 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97.

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 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%. On average, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa's payout ratio is currently 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.