Paragon Private Wealth Management LLC Lowers Stock Holdings in Visa Inc. (NYSE:V)

Paragon Private Wealth Management LLC trimmed its holdings in Visa Inc. (NYSE:VFree Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,446 shares of the credit-card processor’s stock after selling 58 shares during the quarter. Visa makes up approximately 1.4% of Paragon Private Wealth Management LLC’s holdings, making the stock its 19th biggest position. Paragon Private Wealth Management LLC’s holdings in Visa were worth $1,939,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of V. Altshuler Shaham Ltd purchased a new stake in Visa in the third quarter worth $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Valued Wealth Advisors LLC purchased a new position in shares of Visa in the 4th quarter valued at $37,000. Delos Wealth Advisors LLC raised its holdings in Visa by 2,500.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor’s stock worth $41,000 after purchasing an additional 150 shares in the last quarter. Finally, Advantage Trust Co purchased a new stake in Visa during the fourth quarter valued at approximately $52,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays lifted their price objective on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Susquehanna upped their price target on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Citigroup boosted their price objective on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Robert W. Baird raised 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. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Read Our Latest Stock Analysis on Visa

Visa Stock Up 0.1 %

NYSE:V traded up $0.26 during mid-day trading on Friday, hitting $280.10. The stock had a trading volume of 6,177,831 shares, compared to its average volume of 8,406,133. The company has a market capitalization of $512.29 billion, a PE ratio of 31.30, a PEG ratio of 1.92 and a beta of 0.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a 50-day simple moving average of $277.51 and a two-hundred day simple moving average of $268.94. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96.

Visa (NYSE:VGet Free Report) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the previous year, the firm earned $2.09 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,402 shares of company stock valued at $9,559,382. Corporate insiders own 0.19% of the company’s stock.

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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