Regal Investment Advisors LLC Reduces Holdings in Visa Inc. (NYSE:V)

Regal Investment Advisors LLC lowered its stake in Visa Inc. (NYSE:V - Free Report) by 23.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,395 shares of the credit-card processor's stock after selling 1,035 shares during the quarter. Regal Investment Advisors LLC's holdings in Visa were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in V. Jump Financial LLC boosted its holdings in shares of Visa by 241.6% during the 4th quarter. Jump Financial LLC now owns 3,546 shares of the credit-card processor's stock worth $1,121,000 after buying an additional 2,508 shares during the period. CacheTech Inc. bought a new position in shares of Visa during the fourth quarter valued at $201,000. Bridgewater Associates LP boosted its stake in Visa by 0.4% in the fourth quarter. Bridgewater Associates LP now owns 612,004 shares of the credit-card processor's stock worth $193,418,000 after purchasing an additional 2,345 shares in the last quarter. Kane Investment Management Inc. bought a new stake in shares of Visa during the fourth quarter valued at approximately $1,722,000. Finally, AGP Franklin LLC acquired a new position in shares of Visa during the fourth quarter valued at $2,657,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Down 0.6 %

Shares of NYSE:V traded down $2.07 during trading hours on Friday, hitting $329.26. The company's stock had a trading volume of 5,640,095 shares, compared to its average volume of 7,231,438. The company has a market capitalization of $611.69 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. 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's fifty day moving average price is $341.11 and its 200 day moving average price is $320.08.

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 54.79% and a net margin of 54.27%. As a group, research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. 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 0.72%. Visa's payout ratio is 23.79%.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at $8,991,249.33. This represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's 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 $2,930,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI started coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target for the company. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Piper Sandler restated an "overweight" rating and set a $383.00 target price (up from $368.00) on shares of Visa in a report on Friday, January 31st. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Finally, StockNews.com downgraded Visa from a "buy" rating to a "hold" rating in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $355.84.

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.