Visa Inc. (NYSE:V) Shares Sold by Sequent Planning LLC

Sequent Planning LLC cut its position in shares of Visa Inc. (NYSE:V) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,274 shares of the credit-card processor’s stock after selling 84 shares during the quarter. Sequent Planning LLC’s holdings in Visa were worth $1,035,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Riverstone Advisors LLC acquired a new position in shares of Visa during the 4th quarter valued at $217,000. Journey Strategic Wealth LLC grew its holdings in shares of Visa by 16.4% in the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after acquiring an additional 1,361 shares during the last quarter. King Wealth Management Group grew its holdings in shares of Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock worth $23,663,000 after acquiring an additional 6,172 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Visa in the 4th quarter worth $10,163,000. Finally, Copley Financial Group Inc. acquired a new position in shares of Visa in the 3rd quarter worth $616,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

V opened at $336.51 on Monday. The company has a market cap of $625.15 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The stock has a 50-day moving average of $340.48 and a 200-day moving average of $313.29. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

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

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.70%. Visa’s payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on V. Citigroup restated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a report on Thursday, February 13th. The Goldman Sachs Group lifted their target price on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Barclays upped their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price target on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $353.96.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,560,961 in the last 90 days. 0.13% of the stock is owned by company insiders.

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.