Visa Inc. (NYSE:V) Shares Sold by Nicolet Bankshares Inc.

Nicolet Bankshares Inc. cut its holdings in Visa Inc. (NYSE:VFree Report) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,573 shares of the credit-card processor’s stock after selling 408 shares during the quarter. Nicolet Bankshares Inc.’s holdings in Visa were worth $1,052,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of V. IPG Investment Advisors LLC lifted its position in shares of Visa by 11.2% in the third quarter. IPG Investment Advisors LLC now owns 4,791 shares of the credit-card processor’s stock valued at $1,102,000 after acquiring an additional 481 shares in the last quarter. Sonen Capital LLC purchased a new stake in shares of Visa in the third quarter valued at $513,000. Nemes Rush Group LLC lifted its position in shares of Visa by 3.9% in the third quarter. Nemes Rush Group LLC now owns 31,858 shares of the credit-card processor’s stock valued at $7,328,000 after acquiring an additional 1,184 shares in the last quarter. Ellevest Inc. lifted its position in shares of Visa by 4.6% in the third quarter. Ellevest Inc. now owns 6,767 shares of the credit-card processor’s stock valued at $1,557,000 after acquiring an additional 298 shares in the last quarter. Finally, Valley Wealth Managers Inc. increased its stake in Visa by 4.6% in the third quarter. Valley Wealth Managers Inc. now owns 1,235 shares of the credit-card processor’s stock valued at $284,000 after purchasing an additional 54 shares during the last quarter. 81.35% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Down 0.5 %

Shares of V traded down $1.52 on Monday, reaching $274.91. The company’s stock had a trading volume of 2,065,291 shares, compared to its average volume of 5,474,438. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a twelve month low of $208.76 and a twelve month high of $279.99. The stock has a market capitalization of $504.87 billion, a PE ratio of 31.81, a PEG ratio of 1.91 and a beta of 0.97. The firm has a fifty day moving average of $264.58 and a 200-day moving average of $249.42.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.18 EPS. Equities analysts predict that Visa Inc. will post 9.91 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Analyst Ratings Changes

Several brokerages have commented on V. Susquehanna upped their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Raymond James raised their target price on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Barclays lifted their price target on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Citigroup lifted their price target on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Oppenheimer raised their price objective on Visa from $248.00 to $252.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $290.55.

View Our Latest Report on V

Insider Activity at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction 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 approximately $1,365,954.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Rajat Taneja sold 9,200 shares of Visa stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $250.01, for a total transaction of $2,300,092.00. Following the completion of the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at $58,030,321.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,472 shares of company stock valued at $25,695,420. Insiders own 0.19% of the company’s stock.

Visa Company 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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