Grant GrossMendelsohn LLC Sells 201 Shares of Visa Inc. (NYSE:V)

Grant GrossMendelsohn LLC trimmed its holdings in Visa Inc. (NYSE:V) by 5.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,325 shares of the credit-card processor’s stock after selling 201 shares during the quarter. Grant GrossMendelsohn LLC’s holdings in Visa were worth $891,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in V. Investment Advisory Services Inc. TX ADV increased its position in Visa by 2.0% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after purchasing an additional 78 shares during the period. Towerpoint Wealth LLC acquired a new stake in Visa in the fourth quarter worth about $216,000. Wayfinding Financial LLC increased its position in Visa by 10.1% in the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after purchasing an additional 161 shares during the period. Richelieu Gestion SA acquired a new stake in Visa in the fourth quarter worth about $307,000. Finally, Cooper Financial Group increased its position in Visa by 6.4% in the fourth quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock worth $2,064,000 after purchasing an additional 476 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was 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 approximately $62,716,662.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,511 shares of company stock worth $15,131,081. Corporate insiders own 0.19% of the company’s stock.

Visa Trading Up 0.5 %

NYSE V opened at $272.69 on Thursday. The stock has a market capitalization of $500.80 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.87 and a beta of 0.96. The stock’s 50 day moving average price is $279.80 and its two-hundred day moving average price is $262.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96.

Visa (NYSE:V) last released its 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. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.18 EPS. As a group, analysts anticipate that Visa Inc. will post 9.88 earnings per share for the current fiscal 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 payout ratio is 23.94%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. KeyCorp lifted their price objective on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Robert W. Baird boosted their target price on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday. Evercore ISI boosted their target price on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Susquehanna boosted their target price on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $298.43.

About Visa

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.