Tanager Wealth Management LLP Trims Stock Holdings in Visa Inc. (NYSE:V)

Tanager Wealth Management LLP lessened its stake in shares of Visa Inc. (NYSE:V) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 736 shares of the credit-card processor’s stock after selling 53 shares during the quarter. Tanager Wealth Management LLP’s holdings in Visa were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Peterson Financial Group Inc. purchased a new position in Visa during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the fourth quarter worth about $26,000. Reston Wealth Management LLC purchased a new position in shares of Visa in the third quarter valued at approximately $31,000. Modus Advisors LLC acquired a new position in shares of Visa in the fourth quarter valued at approximately $32,000. Finally, West Financial Advisors LLC increased its stake in Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after buying an additional 73 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

V has been the subject of several recent research reports. UBS Group raised their price target on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Citigroup boosted their target price on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Mizuho increased their price target on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Raymond James reissued an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, Oppenheimer raised their target price on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold 21,983 shares of company stock valued at $7,213,146 in the last ninety days. Insiders own 0.13% of the company’s stock.

Visa Stock Down 0.6 %

V stock opened at $347.28 on Friday. The company has a market cap of $646.94 billion, a price-to-earnings ratio of 35.01, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. The company has a fifty day moving average price of $319.76 and a 200 day moving average price of $294.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $351.25.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 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%. Sell-side analysts expect that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio (DPR) is 23.79%.

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.