AMJ Financial Wealth Management Trims Holdings in Visa Inc. $V

AMJ Financial Wealth Management reduced its holdings in shares of Visa Inc. (NYSE:V) by 2.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 22,583 shares of the credit-card processor’s stock after selling 495 shares during the period. Visa accounts for approximately 2.0% of AMJ Financial Wealth Management’s investment portfolio, making the stock its 24th biggest holding. AMJ Financial Wealth Management’s holdings in Visa were worth $8,018,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after buying an additional 4,817 shares during the last quarter. Tiller Private Wealth Inc. increased its stake in Visa by 16.0% in the 1st quarter. Tiller Private Wealth Inc. now owns 1,423 shares of the credit-card processor’s stock valued at $499,000 after buying an additional 196 shares during the period. Accent Capital Management LLC raised its position in Visa by 1.8% during the 1st quarter. Accent Capital Management LLC now owns 14,942 shares of the credit-card processor’s stock worth $5,236,000 after buying an additional 259 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in Visa by 0.5% during the 1st quarter. Westfield Capital Management Co. LP now owns 904,397 shares of the credit-card processor’s stock worth $316,955,000 after buying an additional 4,745 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on V. Robert W. Baird set a $425.00 target price on shares of Visa in a report on Wednesday, October 29th. Erste Group Bank downgraded shares of Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a report on Wednesday, October 8th. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Morgan Stanley set a $398.00 target price on Visa and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $400.00.

Insider Activity

In other news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the completion of the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at $183,117. The trade was a 95.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lloyd Carney sold 900 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the sale, the director owned 2,468 shares in the company, valued at $830,432.64. This represents a 26.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,042 shares of company stock worth $8,175,152 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Down 1.2%

Shares of Visa stock opened at $330.41 on Tuesday. The company has a 50-day moving average of $339.40 and a two-hundred day moving average of $346.93. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. The stock has a market cap of $601.93 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 1.98 and a beta of 0.82.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.97 by $0.01. Visa had a return on equity of 60.31% and a net margin of 50.15%.The business had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the company earned $2.71 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. On average, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.8%. This is a positive change from Visa’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, November 12th. Visa’s dividend payout ratio is currently 26.25%.

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.