SVB Wealth LLC Has $28.07 Million Stock Holdings in Visa Inc. (NYSE:V)

SVB Wealth LLC cut its stake in shares of Visa Inc. (NYSE:V) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,818 shares of the credit-card processor’s stock after selling 18,457 shares during the period. Visa makes up about 0.7% of SVB Wealth LLC’s holdings, making the stock its 27th biggest position. SVB Wealth LLC’s holdings in Visa were worth $28,070,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hibernia Wealth Partners LLC acquired a new stake in shares of Visa during the third quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in shares of Visa during the third quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in shares of Visa during the fourth quarter valued at $32,000. Nalls Sherbakoff Group LLC grew its holdings in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares in the last quarter. Finally, Valued Wealth Advisors LLC purchased a new position in shares of Visa during the fourth quarter valued at $37,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays raised their price target on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. UBS Group boosted their price target on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a report on Friday, January 26th. TD Cowen assumed coverage on shares of Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Monness Crespi & Hardt started coverage on Visa in a research report on Wednesday, December 20th. They set a “neutral” rating for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $298.43.

Insider Buying and Selling at Visa

In other news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was 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. Insiders have sold a total of 55,511 shares of company stock worth $15,131,081 over the last 90 days. Insiders own 0.19% of the company’s stock.

Visa Trading Up 0.5 %

Shares of V stock opened at $272.69 on Thursday. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $279.80 and its two-hundred day moving average is $262.56. The company has a market cap of $500.80 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter last year, the company posted $2.18 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts predict that Visa Inc. will post 9.88 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

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.