Gryphon Financial Partners LLC Sells 2,405 Shares of Visa Inc. (NYSE:V)

Gryphon Financial Partners LLC decreased its holdings in shares of Visa Inc. (NYSE:V) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,934 shares of the credit-card processor’s stock after selling 2,405 shares during the period. Visa accounts for 0.5% of Gryphon Financial Partners LLC’s portfolio, making the stock its 28th largest position. Gryphon Financial Partners LLC’s holdings in Visa were worth $3,455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elevation Wealth Partners LLC lifted its stake in shares of Visa by 3.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor’s stock valued at $297,000 after buying an additional 30 shares in the last quarter. Warther Private Wealth LLC increased its holdings in Visa by 1.0% in the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor’s stock valued at $928,000 after acquiring an additional 30 shares during the last quarter. Valmark Advisers Inc. increased its holdings in shares of Visa by 0.4% in the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor’s stock worth $2,292,000 after buying an additional 30 shares during the last quarter. Crescent Grove Advisors LLC increased its holdings in shares of Visa by 2.2% in the 4th quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor’s stock worth $454,000 after buying an additional 31 shares during the last quarter. Finally, Vicus Capital increased its holdings in shares of Visa by 3.1% in the 4th quarter. Vicus Capital now owns 1,032 shares of the credit-card processor’s stock worth $326,000 after buying an additional 31 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.3 %

NYSE V opened at $361.60 on Tuesday. The company has a fifty day simple moving average of $333.92 and a two-hundred day simple moving average of $306.64. The stock has a market cap of $671.77 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.33 and a beta of 0.97. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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%. On average, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. Visa’s dividend payout ratio is currently 23.79%.

Insiders Place Their Bets

In related news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,885 shares of company stock valued at $19,161,447. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Barclays lifted their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price target on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Finally, Morgan Stanley boosted their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

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.