Fi3 FINANCIAL ADVISORS LLC Has $897,000 Stock Position in Visa Inc. (NYSE:V)

Fi3 FINANCIAL ADVISORS LLC trimmed its position in Visa Inc. (NYSE:V) by 12.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,444 shares of the credit-card processor’s stock after selling 468 shares during the period. Visa makes up about 0.4% of Fi3 FINANCIAL ADVISORS LLC’s holdings, making the stock its 27th largest holding. Fi3 FINANCIAL ADVISORS LLC’s holdings in Visa were worth $897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC increased its position in Visa by 4.7% during the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after acquiring an additional 2,257,605 shares during the period. Northern Trust Corp increased its position in Visa by 4.7% during the third quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock worth $3,927,122,000 after acquiring an additional 763,505 shares during the period. Ameriprise Financial Inc. increased its holdings in Visa by 2.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 14,229,004 shares of the credit-card processor’s stock valued at $3,272,846,000 after buying an additional 374,489 shares during the period. Jennison Associates LLC increased its holdings in Visa by 0.7% in the 4th quarter. Jennison Associates LLC now owns 11,824,113 shares of the credit-card processor’s stock valued at $3,078,408,000 after buying an additional 85,123 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in Visa by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 8,923,176 shares of the credit-card processor’s stock valued at $2,323,149,000 after buying an additional 189,764 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 0.3 %

NYSE V traded up $0.88 during trading hours on Friday, reaching $268.49. 3,862,018 shares of the company’s stock were exchanged, compared to its average volume of 6,930,902. The company’s 50-day moving average is $278.17 and its two-hundred day moving average is $265.42. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $493.08 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 1.83 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 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned $2.09 EPS. On average, analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insider Transactions at Visa

In other news, 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 sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, 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 sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders sold 11,724 shares of company stock valued at $3,278,698 in the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group boosted their price target on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Raymond James boosted their price target on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Royal Bank of Canada upped their target price on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Wells Fargo & Company upped their target price on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, TD Cowen assumed coverage on shares of Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price on the stock. Five 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 an average rating of “Moderate Buy” and an average target price 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.