Ingalls & Snyder LLC Trims Stock Position in Visa Inc. (NYSE:V)

Ingalls & Snyder LLC cut its stake in shares of Visa Inc. (NYSE:V) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 23,702 shares of the credit-card processor’s stock after selling 386 shares during the quarter. Ingalls & Snyder LLC’s holdings in Visa were worth $7,491,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Raab & Moskowitz Asset Management LLC increased its holdings in Visa by 3.9% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 10,703 shares of the credit-card processor’s stock valued at $3,383,000 after buying an additional 399 shares during the period. Warren Street Wealth Advisors LLC increased its holdings in Visa by 9.1% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 2,398 shares of the credit-card processor’s stock valued at $758,000 after buying an additional 200 shares during the period. Hidden Cove Wealth Management LLC purchased a new position in Visa during the fourth quarter valued at approximately $223,000. Three Bridge Wealth Advisors LLC increased its holdings in Visa by 4.5% during the fourth quarter. Three Bridge Wealth Advisors LLC now owns 3,718 shares of the credit-card processor’s stock valued at $1,175,000 after buying an additional 159 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in Visa by 52.1% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,883 shares of the credit-card processor’s stock valued at $595,000 after buying an additional 645 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird raised their target price on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company raised their target price on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Visa Trading Down 0.5 %

NYSE V opened at $353.73 on Friday. The company has a market capitalization of $657.15 billion, a PE ratio of 35.66, a P/E/G ratio of 2.32 and a beta of 0.97. The company has a fifty day moving average of $324.29 and a 200 day moving average of $298.30. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $356.08. 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 (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (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%. Research analysts forecast that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders 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 yield of 0.67%. Visa’s payout ratio is 23.79%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,056 shares of company stock valued at $19,830,050. Corporate insiders own 0.13% of the company’s stock.

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.