Compound Global Advisors LLC Sells 19,767 Shares of Visa Inc. (NYSE:V)

Compound Global Advisors LLC decreased its holdings in Visa Inc. (NYSE:V) by 28.3% during the first quarter, HoldingsChannel.com reports. The firm owned 49,970 shares of the credit-card processor’s stock after selling 19,767 shares during the quarter. Visa makes up about 2.1% of Compound Global Advisors LLC’s holdings, making the stock its 16th biggest holding. Compound Global Advisors LLC’s holdings in Visa were worth $13,946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in V. Altshuler Shaham Ltd bought a new stake in Visa during the 3rd quarter valued at $25,000. Livelsberger Financial Advisory purchased a new stake in Visa in the fourth quarter worth about $25,000. Westend Capital Management LLC bought a new position in Visa during the 1st quarter worth about $25,000. O Brien Wealth Partners LLC bought a new position in Visa during the 4th quarter worth about $32,000. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of Visa in the 4th quarter valued at about $33,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

V has been the topic of several research reports. Robert W. Baird lifted their price objective on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. KeyCorp raised their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Raymond James lifted their target price on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, Wedbush increased their price target on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Visa news, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,874 shares of company stock worth $5,506,827. 0.19% of the stock is owned by company insiders.

Visa Stock Performance

V traded down $3.20 during trading on Tuesday, reaching $268.64. 6,375,486 shares of the company’s stock were exchanged, compared to its average volume of 5,935,847. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company’s fifty day simple moving average is $278.98 and its 200-day simple moving average is $265.19. The stock has a market capitalization of $493.36 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion during 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%. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 earnings per share. As a group, research analysts predict that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

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.