Centaurus Financial Inc. Sells 1,911 Shares of Visa Inc. $V

Centaurus Financial Inc. cut its holdings in shares of Visa Inc. (NYSE:V) by 13.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,818 shares of the credit-card processor’s stock after selling 1,911 shares during the quarter. Centaurus Financial Inc.’s holdings in Visa were worth $4,196,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in V. BankPlus Wealth Management LLC grew its stake in shares of Visa by 0.9% in the second quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor’s stock worth $1,185,000 after purchasing an additional 29 shares during the last quarter. Transcendent Capital Group LLC lifted its holdings in Visa by 2.9% during the 2nd quarter. Transcendent Capital Group LLC now owns 1,013 shares of the credit-card processor’s stock worth $360,000 after buying an additional 29 shares during the period. Interchange Capital Partners LLC grew its position in shares of Visa by 0.5% in the 2nd quarter. Interchange Capital Partners LLC now owns 6,413 shares of the credit-card processor’s stock valued at $2,276,000 after buying an additional 30 shares during the last quarter. Academy Capital Management increased its stake in shares of Visa by 3.7% in the first quarter. Academy Capital Management now owns 860 shares of the credit-card processor’s stock valued at $301,000 after buying an additional 31 shares during the period. Finally, Legacy Wealth Managment LLC ID raised its position in shares of Visa by 12.0% during the first quarter. Legacy Wealth Managment LLC ID now owns 289 shares of the credit-card processor’s stock worth $101,000 after acquiring an additional 31 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, Director Lloyd Carney sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total value of $302,832.00. Following the completion of the sale, the director owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the sale, the insider owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This represents a 7.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 24,042 shares of company stock valued at $8,175,152. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on V. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a report on Wednesday, October 22nd. UBS Group set a $425.00 price objective on shares of Visa and gave the company a “buy” rating in a research note on Wednesday, October 29th. Evercore ISI set a $380.00 target price on shares of Visa in a research note on Friday. Morgan Stanley set a $398.00 target price on shares of Visa and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, KeyCorp reiterated an “overweight” rating and set a $405.00 price target on shares of Visa in a report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $402.52.

Visa Trading Down 0.2%

NYSE:V opened at $347.15 on Tuesday. 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 capitalization of $632.42 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 2.05 and a beta of 0.82. The firm has a fifty day simple moving average of $337.65 and a two-hundred day simple moving average of $345.04. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.01. The firm had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.71 earnings per share. Analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

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

About Visa

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.