Visa Inc. (NYSE:V) Stake Reduced by Aviance Capital Partners LLC

Aviance Capital Partners LLC trimmed its stake in Visa Inc. (NYSE:V) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 16,759 shares of the credit-card processor’s stock after selling 166 shares during the quarter. Visa makes up about 0.9% of Aviance Capital Partners LLC’s investment portfolio, making the stock its 26th largest holding. Aviance Capital Partners LLC’s holdings in Visa were worth $4,363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of V. Capital Performance Advisors LLP acquired a new stake in Visa in the 4th quarter valued at approximately $274,000. Apollon Wealth Management LLC increased its holdings in shares of Visa by 54.4% during the fourth quarter. Apollon Wealth Management LLC now owns 56,775 shares of the credit-card processor’s stock valued at $14,781,000 after purchasing an additional 20,008 shares during the period. Lincoln National Corp raised its stake in shares of Visa by 1.4% during the fourth quarter. Lincoln National Corp now owns 49,151 shares of the credit-card processor’s stock valued at $12,797,000 after purchasing an additional 697 shares in the last quarter. Fielder Capital Group LLC acquired a new stake in Visa in the fourth quarter worth about $839,000. Finally, Machina Capital S.A.S. bought a new position in Visa in the 4th quarter valued at about $493,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Visa news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,724 shares of company stock valued at $3,278,698. 0.19% of the stock is owned by corporate insiders.

Visa Stock Performance

V traded up $4.18 during trading on Monday, hitting $272.67. The stock had a trading volume of 3,931,997 shares, compared to its average volume of 5,881,426. 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 Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a 50 day simple moving average of $277.94 and a 200-day simple moving average of $266.06. The firm has a market cap of $498.70 billion, a PE ratio of 30.47, a P/E/G ratio of 1.84 and a beta of 0.95.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.09 EPS. Analysts expect that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio is currently 23.24%.

Analyst Ratings Changes

Several brokerages have recently weighed in on V. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. UBS Group raised their price objective on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Evercore ISI boosted their target price on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Robert W. Baird raised their target price on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Finally, TD Cowen started coverage on Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $303.00.

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.