Mach 1 Financial Group LLC Trims Stock Holdings in Visa Inc. (NYSE:V)

Mach 1 Financial Group LLC trimmed its holdings in Visa Inc. (NYSE:V) by 53.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,947 shares of the credit-card processor’s stock after selling 4,586 shares during the quarter. Mach 1 Financial Group LLC’s holdings in Visa were worth $1,028,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in Visa during the 3rd quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in Visa during the 4th quarter valued at $32,000. Valued Wealth Advisors LLC bought a new stake in Visa during the 4th quarter valued at $37,000. Stuart Chaussee & Associates Inc. boosted its position in Visa by 66.2% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after acquiring an additional 94 shares in the last quarter. Finally, Macroview Investment Management LLC boosted its position in Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after acquiring an additional 265 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold 19,874 shares of company stock worth $5,506,827 over the last 90 days. 0.19% of the stock is owned by company insiders.

Visa Stock Performance

Visa stock traded down $3.20 during midday trading on Tuesday, reaching $268.64. 6,375,486 shares of the stock traded hands, compared to its average volume of 5,935,847. The firm has a fifty day moving average price of $278.98 and a two-hundred day moving average price of $265.19. The firm has a market cap of $493.36 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 1.89 and a beta of 0.96. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 EPS. On average, equities research analysts forecast that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s payout ratio is currently 23.24%.

Analyst Ratings Changes

V has been the subject of a number of recent analyst reports. TD Cowen initiated coverage on Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. Robert W. Baird lifted their price target on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Raymond James lifted their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Macquarie lifted their price objective on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $302.58.

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.