1900 Wealth Management LLC Has $1.27 Million Stock Position in Visa Inc. (NYSE:V)

1900 Wealth Management LLC lessened its holdings in Visa Inc. (NYSE:V) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,894 shares of the credit-card processor’s stock after selling 494 shares during the period. 1900 Wealth Management LLC’s holdings in Visa were worth $1,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in V. International Assets Investment Management LLC raised its holdings in shares of Visa by 17,418.7% in the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock worth $1,233,338,000 after acquiring an additional 4,710,188 shares during the last quarter. FMR LLC grew its position in Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after purchasing an additional 2,257,605 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Visa in the 3rd quarter worth about $358,349,000. The Manufacturers Life Insurance Company grew its position in Visa by 34.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,929,979 shares of the credit-card processor’s stock worth $903,955,000 after purchasing an additional 999,167 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Visa by 28.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,983,190 shares of the credit-card processor’s stock worth $916,174,000 after purchasing an additional 871,439 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Up 0.7 %

V opened at $274.23 on Wednesday. The company has a 50 day moving average of $279.49 and a 200 day moving average of $263.90. The company has a market cap of $503.63 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. 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 (NYSE:V) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the prior year, the company posted $2.18 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on V shares. Wells Fargo & Company upped their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. TD Cowen started coverage on shares of Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. Wedbush upped their price objective on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods upped their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Barclays upped their price objective on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $300.48.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock worth $5,256,352 in the last three months. 0.19% of the stock is currently owned by corporate 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.