Valeo Financial Advisors LLC Sells 35,906 Shares of Visa Inc. $V

Valeo Financial Advisors LLC reduced its position in shares of Visa Inc. (NYSE:V) by 36.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,888 shares of the credit-card processor’s stock after selling 35,906 shares during the period. Valeo Financial Advisors LLC’s holdings in Visa were worth $21,973,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. NWF Advisory Services Inc. raised its holdings in shares of Visa by 6.3% during the 2nd quarter. NWF Advisory Services Inc. now owns 36,190 shares of the credit-card processor’s stock worth $12,849,000 after buying an additional 2,138 shares in the last quarter. SevenBridge Financial Group LLC boosted its stake in Visa by 5.3% in the second quarter. SevenBridge Financial Group LLC now owns 14,512 shares of the credit-card processor’s stock valued at $4,887,000 after buying an additional 729 shares in the last quarter. Osaic Holdings Inc. grew its position in Visa by 22.3% in the second quarter. Osaic Holdings Inc. now owns 537,599 shares of the credit-card processor’s stock valued at $190,802,000 after acquiring an additional 97,976 shares during the last quarter. American Trust grew its position in Visa by 4.8% in the second quarter. American Trust now owns 17,437 shares of the credit-card processor’s stock valued at $6,191,000 after acquiring an additional 800 shares during the last quarter. Finally, Total Investment Management Inc. raised its stake in Visa by 5.6% during the second quarter. Total Investment Management Inc. now owns 886 shares of the credit-card processor’s stock worth $315,000 after acquiring an additional 47 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

V has been the topic of a number of research analyst reports. Evercore ISI set a $380.00 price target on shares of Visa in a research note on Friday. Erste Group Bank cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Bank of America upgraded shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 target price on the stock in a research report on Thursday, December 11th. Macquarie decreased their target price on shares of Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $405.00 target price on shares of Visa in a research note on Wednesday, October 22nd. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $402.52.

Visa Stock Down 0.2%

NYSE:V opened at $347.15 on Tuesday. Visa Inc. has a one year low of $299.00 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $632.42 billion, a PE ratio of 34.00, a P/E/G ratio of 2.05 and a beta of 0.82. The firm’s 50 day simple moving average is $337.65 and its 200 day simple moving average is $345.04.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.01. The firm had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.71 EPS. On average, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $2.68 annualized dividend and a yield of 0.8%. This is an increase from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio is 26.25%.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the completion of the transaction, the chief executive officer directly owned 537 shares in the company, valued at $183,117. This trade represents a 95.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,172 shares of Visa stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $325.93, for a total value of $707,919.96. Following the completion of the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $8,608,789.09. This represents a 7.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,042 shares of company stock valued at $8,175,152 in the last three months. Insiders own 0.12% of the company’s stock.

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.