LM Advisors LLC Trims Stock Holdings in Visa Inc. (NYSE:V)

LM Advisors LLC reduced its stake in shares of Visa Inc. (NYSE:V - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,399 shares of the credit-card processor's stock after selling 1,862 shares during the quarter. LM Advisors LLC's holdings in Visa were worth $2,339,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of V. Howard Capital Management Group LLC boosted its holdings in Visa by 0.6% in 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 buying an additional 610 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Visa by 7.7% in the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock worth $1,576,366,000 after acquiring an additional 411,210 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Visa during the third quarter worth approximately $1,778,000. Truvestments Capital LLC acquired a new position in Visa in the 3rd quarter valued at $133,000. Finally, Cadence Bank lifted its holdings in Visa by 2.4% in the 3rd quarter. Cadence Bank now owns 18,026 shares of the credit-card processor's stock valued at $4,956,000 after purchasing an additional 425 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,991,249.33. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is currently owned by corporate insiders.

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Visa Trading Down 2.1 %

NYSE:V traded down $7.24 on Friday, reaching $342.62. 5,686,669 shares of the company's stock were exchanged, compared to its average volume of 7,140,541. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The firm has a market capitalization of $636.51 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The business has a fifty day moving average of $343.60 and a 200-day moving average of $315.27.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data 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, analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Tuesday, February 11th. Visa's payout ratio is presently 23.79%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Visa from a "hold" rating to a "buy" rating in a research report on Friday. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Raymond James restated an "outperform" rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Citigroup reaffirmed a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Finally, Wells Fargo & Company upped their target price on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $355.84.

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.