Schrum Private Wealth Management LLC Sells 6,677 Shares of Visa Inc. (NYSE:V)

Schrum Private Wealth Management LLC cut its holdings in Visa Inc. (NYSE:V) by 88.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 832 shares of the credit-card processor’s stock after selling 6,677 shares during the period. Schrum Private Wealth Management LLC’s holdings in Visa were worth $217,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Hibernia Wealth Partners LLC bought a new position in Visa during the 3rd quarter valued at about $25,000. Altshuler Shaham Ltd bought a new position in Visa in the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC bought a new position in Visa in the 4th quarter worth about $32,000. Nalls Sherbakoff Group LLC grew its stake in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new position in Visa in the 4th quarter worth about $37,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of Visa in a research note on Thursday. They set a “buy” rating and a $320.00 price objective on the stock. Barclays increased their price objective on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Royal Bank of Canada increased their price objective on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Mizuho reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Visa in a report on Wednesday, March 27th. Finally, Susquehanna raised their price target on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $296.87.

Insider Buying and Selling at Visa

In other news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated 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 sale, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, 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. Over the last quarter, insiders sold 55,511 shares of company stock valued at $15,131,081. Corporate insiders own 0.19% of the company’s stock.

Visa Trading Up 0.4 %

Shares of Visa stock opened at $275.54 on Friday. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a fifty day moving average price of $280.15 and a 200 day moving average price of $261.17. The stock has a market cap of $506.03 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the previous year, the company earned $2.18 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts predict that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

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

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.