United Capital Financial Advisors LLC Sells 34,552 Shares of Visa Inc. (NYSE:V)

United Capital Financial Advisors LLC lessened its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 291,518 shares of the credit-card processor's stock after selling 34,552 shares during the period. Visa makes up about 0.8% of United Capital Financial Advisors LLC's portfolio, making the stock its 28th biggest holding. United Capital Financial Advisors LLC's holdings in Visa were worth $92,131,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Jump Financial LLC grew its position in 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 purchasing an additional 2,508 shares during the period. CacheTech Inc. acquired a new position in Visa in the fourth quarter valued at approximately $201,000. Bridgewater Associates LP boosted its position in Visa by 0.4% in the 4th 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. acquired a new stake in shares of Visa during the 4th quarter worth approximately $1,722,000. Finally, AGP Franklin LLC purchased a new position in shares of Visa during the 4th quarter valued at approximately $2,657,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Down 0.6 %

Shares of Visa stock traded down $2.07 during trading on Friday, hitting $329.26. 5,640,095 shares of the stock traded hands, compared to its average volume of 7,231,438. The stock has a market cap of $611.69 billion, a P/E ratio of 33.19, a PEG ratio of 2.33 and a beta of 0.94. The company has a fifty day moving average price of $341.11 and a two-hundred day moving average price of $320.08. 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 twelve month low of $252.70 and a twelve 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 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%. Equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.72%. Visa's dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analyst Weigh In

V has been the subject of a number of recent analyst reports. Raymond James reaffirmed an "outperform" rating and issued a $393.00 price objective (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Citigroup restated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Bank of America lifted their price target on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Wells Fargo & Company upped their price objective 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. Finally, Susquehanna reiterated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $355.84.

Insider Buying and Selling at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction 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 completion of the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,842,490 in the last ninety days. Company insiders own 0.13% of the company's stock.

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.