Visa Inc. (NYSE:V) Shares Sold by Virtu Financial LLC

Virtu Financial LLC lowered its holdings in Visa Inc. (NYSE:V - Free Report) by 53.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,757 shares of the credit-card processor's stock after selling 24,227 shares during the period. Virtu Financial LLC's holdings in Visa were worth $6,560,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in V. Decker Retirement Planning Inc. purchased a new position in shares of Visa in the 4th quarter worth $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Visa in the 4th quarter worth about $27,000. POM Investment Strategies LLC lifted 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 valued at $31,000 after purchasing an additional 32 shares in the last quarter. Modus Advisors LLC purchased a new stake in shares of Visa during the 4th quarter worth about $32,000. Finally, Compass Planning Associates Inc acquired a new stake in Visa during the 4th quarter worth approximately $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group lifted their target price on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, January 31st. Susquehanna reiterated a "positive" rating on shares of Visa in a research note on Friday, March 21st. The Goldman Sachs Group raised their target price on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. Wells Fargo & Company upped their price target on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, Raymond James reiterated an "outperform" rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $353.96.

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Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the transaction, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. This trade represents a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's 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. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Performance

NYSE V traded down $0.57 during trading hours on Wednesday, reaching $344.05. The company's stock had a trading volume of 6,184,455 shares, compared to its average volume of 6,702,738. The stock has a market cap of $639.17 billion, a PE ratio of 34.68, a PEG ratio of 2.33 and a beta of 0.95. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $341.94 and a 200 day simple moving average of $314.21.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate 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 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. Visa's dividend payout ratio (DPR) is presently 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.