Operose Advisors LLC Has $710,000 Stock Holdings in Visa Inc. (NYSE:V)

Operose Advisors LLC lessened its stake in shares of Visa Inc. (NYSE:V - Free Report) by 64.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,247 shares of the credit-card processor's stock after selling 4,124 shares during the quarter. Operose Advisors LLC's holdings in Visa were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in V. Howard Capital Management Group LLC lifted its position in Visa by 0.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after acquiring an additional 610 shares in the last quarter. Principal Financial Group Inc. increased its position in Visa by 7.7% in the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock valued at $1,576,366,000 after acquiring an additional 411,210 shares during the period. Morse Asset Management Inc bought a new position in shares of Visa in the third quarter valued at approximately $69,000. Passumpsic Savings Bank raised its holdings in Visa by 2.0% during the third quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor's stock worth $2,512,000 after purchasing an additional 179 shares in the last quarter. Finally, Virtu Financial LLC lifted its holdings in shares of Visa by 101.5% in the third quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor's stock valued at $12,368,000 after buying an additional 22,658 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were 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 owns 537 shares in the company, valued at $194,931. The trade was a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,842,490 over the last ninety days. Company insiders own 0.13% of the company's stock.

Visa Stock Performance

Shares of Visa stock traded down $2.07 on Friday, hitting $329.26. The stock had a trading volume of 5,640,095 shares, compared to its average volume of 7,231,438. 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 stock has a market cap of $611.69 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 2.33 and a beta of 0.94. The company's 50 day moving average price is $341.11 and its 200 day moving average price is $320.08.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. 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 23.79%.

Wall Street Analyst Weigh In

Several research firms have weighed in on V. Bank of America lifted their target price on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. The Goldman Sachs Group lifted their price target on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. Oppenheimer restated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Evercore ISI began coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. Finally, Raymond James reiterated an "outperform" rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $355.84.

Visa 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.