Visa Inc. (NYSE:V) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. trimmed its position in Visa Inc. (NYSE:V) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 151,733 shares of the credit-card processor’s stock after selling 10,549 shares during the period. Visa accounts for about 0.8% of Achmea Investment Management B.V.’s portfolio, making the stock its 20th largest position. Achmea Investment Management B.V.’s holdings in Visa were worth $47,954,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in Visa during the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC increased its position in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in shares of Visa in the 4th quarter valued at approximately $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 0.3 %

V stock opened at $333.01 on Thursday. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The stock has a market capitalization of $618.66 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a fifty day moving average of $337.35 and a 200-day moving average of $310.05.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. Visa’s dividend payout ratio is presently 23.79%.

Insider Activity

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold 64,505 shares of company stock worth $22,290,507 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on V shares. The Goldman Sachs Group increased their price objective on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley increased their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Finally, UBS Group upped their target price on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

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.