Visa Inc. (NYSE:V) Shares Sold by KFG Wealth Management LLC

KFG Wealth Management LLC trimmed its holdings in Visa Inc. (NYSE:V) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 838 shares of the credit-card processor’s stock after selling 60 shares during the period. KFG Wealth Management LLC’s holdings in Visa were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Bigelow Investment Advisors LLC grew its stake in Visa by 1.3% in the 4th quarter. Bigelow Investment Advisors LLC now owns 4,166 shares of the credit-card processor’s stock valued at $1,085,000 after acquiring an additional 54 shares during the last quarter. Zhang Financial LLC grew its stake in Visa by 9.4% in the 4th quarter. Zhang Financial LLC now owns 4,987 shares of the credit-card processor’s stock valued at $1,298,000 after acquiring an additional 427 shares during the last quarter. Ninepoint Partners LP grew its stake in Visa by 6.3% in the 4th quarter. Ninepoint Partners LP now owns 2,899 shares of the credit-card processor’s stock valued at $755,000 after acquiring an additional 172 shares during the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in Visa by 1.1% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 75,421 shares of the credit-card processor’s stock valued at $19,636,000 after purchasing an additional 795 shares in the last quarter. Finally, Cornerstone Investment Partners LLC lifted its holdings in Visa by 9.1% in the 4th quarter. Cornerstone Investment Partners LLC now owns 240,046 shares of the credit-card processor’s stock valued at $62,496,000 after purchasing an additional 20,109 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Royal Bank of Canada upped their target price on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 26th. Keefe, Bruyette & Woods upped their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Barclays upped their target price on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Finally, Wells Fargo & Company upped their target price on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $298.43.

Insider Buying and Selling at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 18,965 shares of company stock valued at $5,256,352 over the last 90 days. 0.19% of the stock is owned by corporate insiders.

Visa Stock Down 0.6 %

V opened at $269.78 on Friday. The firm has a 50 day moving average price of $279.58 and a 200 day moving average price of $263.12. The company has a market cap of $495.45 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96. 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 quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:V) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the prior year, the company earned $2.18 EPS. The company’s revenue was up 9.3% on a year-over-year basis. Sell-side analysts expect that Visa Inc. will post 9.88 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 given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is 23.94%.

Visa Company 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.