Koshinski Asset Management Inc. Has $1.42 Million Stock Holdings in Visa Inc. (NYSE:V)

Koshinski Asset Management Inc. lowered its position in shares of Visa Inc. (NYSE:V) by 43.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,448 shares of the credit-card processor’s stock after selling 4,133 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Visa were worth $1,418,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in V. Hibernia Wealth Partners LLC acquired a new stake in shares of Visa during the 3rd quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in Visa in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa in the 4th quarter valued at about $32,000. Financial Freedom LLC acquired a new stake in Visa in the 4th quarter valued at about $32,000. Finally, Nalls Sherbakoff Group LLC increased its position in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on V shares. TD Cowen started coverage on shares of Visa in a research report on Thursday. They issued a “buy” rating and a $320.00 price objective for the company. Redburn Atlantic restated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Keefe, Bruyette & Woods raised their price objective on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Wells Fargo & Company raised their target price on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada raised their target price 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. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.87.

Insider Activity

In other news, insider Rajat Taneja sold 36,546 shares of Visa 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 sale, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Rajat Taneja sold 36,546 shares of Visa 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 sale, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold 55,511 shares of company stock worth $15,131,081 over the last ninety days. Insiders own 0.19% of the company’s stock.

Visa Stock Performance

Shares of V opened at $275.96 on Monday. 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 Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The firm’s 50 day moving average price is $280.13 and its two-hundred day moving average price is $261.92. The firm has a market cap of $506.80 billion, a P/E ratio of 31.76, a PEG ratio of 1.91 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results 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 firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the previous year, the firm posted $2.18 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. On average, analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

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