Twin City Private Wealth LLC Trims Stake in Visa Inc. (NYSE:V)

Twin City Private Wealth LLC reduced its stake in Visa Inc. (NYSE:V - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,024 shares of the credit-card processor's stock after selling 773 shares during the period. Visa makes up 1.7% of Twin City Private Wealth LLC's portfolio, making the stock its 21st largest holding. Twin City Private Wealth LLC's holdings in Visa were worth $1,904,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Decker Retirement Planning Inc. bought a new stake in Visa in the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa during the fourth quarter valued at $27,000. POM Investment Strategies LLC grew its stake in shares of Visa by 48.5% in 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. Modus Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth about $32,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Visa during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Ratings Changes

V has been the topic of several analyst reports. Morgan Stanley boosted their price objective on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. StockNews.com raised Visa from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Citigroup restated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, William Blair restated an "outperform" rating on shares of Visa in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Visa has an average rating of "Moderate Buy" and an average price target of $353.96.

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Visa Stock Down 0.0 %

V stock traded down $0.08 during trading on Wednesday, reaching $344.54. 4,353,332 shares of the company traded hands, compared to its average volume of 6,696,019. The company has a market capitalization of $640.08 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The business has a 50 day simple moving average of $341.94 and a 200 day simple moving average of $314.21. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54.

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 (EPS) 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, equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's dividend payout ratio is currently 23.79%.

Insider Buying and Selling

In other news, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were 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. In the last quarter, insiders have sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is owned by company insiders.

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.