Perfromance Wealth Partners LLC Sells 3,702 Shares of Visa Inc. (NYSE:V)

Perfromance Wealth Partners LLC lowered its stake in Visa Inc. (NYSE:VFree Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,110 shares of the credit-card processor’s stock after selling 3,702 shares during the period. Visa makes up approximately 2.3% of Perfromance Wealth Partners LLC’s portfolio, making the stock its 8th biggest holding. Perfromance Wealth Partners LLC’s holdings in Visa were worth $52,099,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Investment Advisory Services Inc. TX ADV grew its holdings in Visa by 2.0% during 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 acquiring an additional 78 shares during the period. Camarda Financial Advisors LLC boosted its position in Visa by 3.0% during the second quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock worth $1,484,000 after purchasing an additional 182 shares in the last quarter. Wayfinding Financial LLC boosted its position in Visa by 10.1% during 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 in the last quarter. Richelieu Gestion SA purchased a new stake in Visa during the fourth quarter worth $307,000. Finally, Orion Portfolio Solutions LLC boosted its position in Visa by 5,907.4% during the second quarter. Orion Portfolio Solutions LLC now owns 221,012 shares of the credit-card processor’s stock worth $52,486,000 after purchasing an additional 217,333 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,511 shares of company stock valued at $15,131,081. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on V. Wells Fargo & Company boosted their target price on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Evercore ISI upped their price objective on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. BMO Capital Markets started coverage on Visa in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 price objective on the stock. KeyCorp upped their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Finally, Royal Bank of Canada upped their price objective on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $295.82.

Get Our Latest Report on Visa

Visa Trading Down 0.3 %

Shares of V opened at $278.22 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a 50-day moving average price of $279.62 and a 200 day moving average price of $259.44. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a market capitalization of $510.95 billion, a P/E ratio of 32.02, a P/E/G ratio of 1.93 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter last year, the business posted $2.18 EPS. Visa’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is 23.94%.

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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