Hyman Charles D Trims Stake in Visa Inc. (NYSE:V)

Hyman Charles D cut its stake in Visa Inc. (NYSE:V) by 0.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,367 shares of the credit-card processor’s stock after selling 45 shares during the quarter. Hyman Charles D’s holdings in Visa were worth $4,568,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of V. Nadler Financial Group Inc. increased its position in Visa by 2.4% during the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after buying an additional 44 shares in the last quarter. Towerpoint Wealth LLC bought a new position in shares of Visa during the fourth quarter valued at $216,000. Andrew Hill Investment Advisors Inc. purchased a new position in shares of Visa in the 4th quarter worth about $3,427,000. Richelieu Gestion SA bought a new position in Visa in the 4th quarter worth about $307,000. Finally, Cooper Financial Group grew its position in Visa by 6.4% during the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock valued at $2,064,000 after purchasing an additional 476 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

Shares of V stock traded up $3.19 during trading hours on Friday, reaching $265.74. 6,627,767 shares of the company traded hands, compared to its average volume of 9,662,722. The firm has a 50-day moving average price of $272.82 and a 200 day moving average price of $274.01. The company has a market cap of $486.02 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.85 and a beta of 0.95. Visa Inc. has a 12-month low of $227.68 and a 12-month high of $290.96. 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 (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, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.09 earnings per share. As a group, sell-side analysts predict that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.78%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on V shares. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Wedbush upped their price objective on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Royal Bank of Canada lifted their target price on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Evercore ISI lowered their price target on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Finally, TD Cowen assumed coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $304.44.

Insiders Place Their Bets

In other news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred 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 sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

Visa 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.