Confluence Investment Management LLC Sells 54 Shares of Visa Inc. (NYSE:V)

Confluence Investment Management LLC lowered its holdings in shares of Visa Inc. (NYSE:VGet Rating) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,448 shares of the credit-card processor’s stock after selling 54 shares during the quarter. Confluence Investment Management LLC’s holdings in Visa were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wiley BROS. Aintree Capital LLC increased its position in shares of Visa by 20.8% during the 2nd quarter. Wiley BROS. Aintree Capital LLC now owns 7,446 shares of the credit-card processor’s stock valued at $1,466,000 after purchasing an additional 1,282 shares during the last quarter. Red Spruce Capital LLC increased its position in shares of Visa by 5.9% during the 2nd quarter. Red Spruce Capital LLC now owns 4,022 shares of the credit-card processor’s stock valued at $792,000 after purchasing an additional 224 shares during the last quarter. Ellenbecker Investment Group increased its holdings in Visa by 9.1% in the 2nd quarter. Ellenbecker Investment Group now owns 1,218 shares of the credit-card processor’s stock worth $239,000 after acquiring an additional 102 shares in the last quarter. Silverleafe Capital Partners LLC increased its holdings in Visa by 11.4% in the 2nd quarter. Silverleafe Capital Partners LLC now owns 11,972 shares of the credit-card processor’s stock worth $2,357,000 after acquiring an additional 1,224 shares in the last quarter. Finally, Rempart Asset Management Inc. increased its holdings in Visa by 5.8% in the 2nd quarter. Rempart Asset Management Inc. now owns 85,695 shares of the credit-card processor’s stock worth $16,872,000 after acquiring an additional 4,693 shares in the last quarter. Hedge funds and other institutional investors own 81.49% of the company’s stock.

Insider Buying and Selling

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction on Friday, July 29th. The stock was sold at an average price of $212.11, for a total transaction of $1,908,990.00. Following the completion of the sale, the chief executive officer now directly owns 156,887 shares in the company, valued at $33,277,301.57. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on V. Macquarie reduced their target price on shares of Visa from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Susquehanna Bancshares reduced their target price on shares of Visa from $290.00 to $260.00 in a report on Thursday, July 28th. Citigroup reduced their target price on shares of Visa from $270.00 to $254.00 in a report on Tuesday, July 26th. Morgan Stanley increased their price objective on shares of Visa from $284.00 to $291.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. Finally, Wells Fargo & Company cut their price objective on shares of Visa from $280.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday, July 13th. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average target price of $257.64.

Visa Stock Down 0.1 %

Shares of V opened at $193.13 on Tuesday. The company has a market cap of $365.10 billion, a PE ratio of 28.49, a P/E/G ratio of 1.56 and a beta of 0.90. The business has a fifty day moving average of $207.53 and a 200 day moving average of $207.32. Visa Inc. has a 52-week low of $185.91 and a 52-week high of $236.96. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were given a $0.375 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.50 dividend on an annualized basis and a yield of 0.78%. Visa’s dividend payout ratio is presently 22.12%.

Visa Profile

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Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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