Visa Inc. (NYSE:V) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lessened its holdings in Visa Inc. (NYSE:V - Free Report) by 3.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,313 shares of the credit-card processor's stock after selling 801 shares during the period. Visa comprises approximately 0.8% of Insigneo Advisory Services LLC's holdings, making the stock its 17th biggest position. Insigneo Advisory Services LLC's holdings in Visa were worth $7,684,000 at the end of the most recent quarter.

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

Visa Stock Performance

V stock traded down $2.07 during trading on Friday, reaching $329.26. The company had a trading volume of 5,640,095 shares, compared to its average volume of 7,231,438. 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. The company has a market cap of $611.69 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The firm has a 50-day simple moving average of $341.11 and a 200-day simple moving average of $320.08.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current 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 issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is 23.79%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock worth $48,842,490 over the last quarter. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on V shares. Evercore ISI initiated coverage on Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target on the stock. Oppenheimer restated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Raymond James reaffirmed an "outperform" rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, Bank of America increased their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.