Swisher Financial Concepts Inc. Sells 1,277 Shares of Visa Inc. (NYSE:V)

Swisher Financial Concepts Inc. cut its position in shares of Visa Inc. (NYSE:V - Free Report) by 50.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,239 shares of the credit-card processor's stock after selling 1,277 shares during the quarter. Swisher Financial Concepts Inc.'s holdings in Visa were worth $392,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Visa during the 4th quarter valued at $5,171,271,000. Vanguard Group Inc. boosted its holdings in shares of Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after purchasing an additional 7,079,706 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Visa in the fourth quarter worth about $1,955,403,000. Proficio Capital Partners LLC increased its holdings in Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock valued at $1,248,079,000 after purchasing an additional 3,926,049 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Visa by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock valued at $10,601,135,000 after purchasing an additional 2,772,549 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on V. Raymond James reissued an "outperform" rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research report on Friday, March 21st. Citigroup reiterated a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Finally, Piper Sandler restated an "overweight" rating and set a $383.00 price target (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus price target of $355.84.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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 in the company, valued at approximately $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock worth $48,842,490 in the last three months. Company insiders own 0.13% of the company's stock.

Visa Stock Performance

Shares of Visa stock traded up $9.08 during trading hours on Friday, reaching $333.69. 6,802,196 shares of the stock traded hands, compared to its average volume of 7,281,557. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The firm has a market capitalization of $619.91 billion, a price-to-earnings ratio of 33.64, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average price of $342.40 and a 200 day moving average price of $318.76.

Visa (NYSE:V - Get Free Report) last announced its 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 net margin of 54.27% and a return on equity of 54.79%. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

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.