44 Wealth Management LLC Has $1.02 Million Stock Holdings in Visa Inc. $V

44 Wealth Management LLC lessened its stake in Visa Inc. (NYSE:VFree Report) by 37.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,916 shares of the credit-card processor’s stock after selling 1,774 shares during the quarter. 44 Wealth Management LLC’s holdings in Visa were worth $1,023,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in V. Corient Private Wealth LLC grew its position in Visa by 110.4% in the second quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor’s stock worth $1,396,930,000 after acquiring an additional 2,075,289 shares in the last quarter. Holocene Advisors LP grew its position in Visa by 286.4% in the third quarter. Holocene Advisors LP now owns 2,526,026 shares of the credit-card processor’s stock worth $862,335,000 after acquiring an additional 1,872,362 shares in the last quarter. SG Americas Securities LLC grew its position in Visa by 121.7% in the fourth quarter. SG Americas Securities LLC now owns 3,022,411 shares of the credit-card processor’s stock worth $1,059,990,000 after acquiring an additional 1,658,954 shares in the last quarter. Danske Bank A S bought a new stake in Visa in the third quarter worth approximately $565,684,000. Finally, Capital Research Global Investors grew its position in Visa by 73.4% in the third quarter. Capital Research Global Investors now owns 3,197,405 shares of the credit-card processor’s stock worth $1,091,528,000 after acquiring an additional 1,353,441 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

NYSE V opened at $329.21 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The company has a fifty day simple moving average of $312.77 and a 200 day simple moving average of $325.34. The company has a market cap of $590.53 billion, a P/E ratio of 28.68, a P/E/G ratio of 1.76 and a beta of 0.78. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $375.51.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.21. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. Visa’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.76 EPS. On average, sell-side analysts predict that Visa Inc. will post 13.09 EPS for the current year.

Visa announced that its Board of Directors has authorized a share repurchase plan on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 12th. Visa’s dividend payout ratio is currently 23.34%.

Insider Buying and Selling

In other Visa news, Director Lloyd Carney sold 650 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the sale, the director directly owned 2,679 shares of the company’s stock, valued at $829,471.98. This represents a 19.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 31,455 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the completion of the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,161,284.36. This trade represents a 67.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 42,744 shares of company stock valued at $14,356,010. Company insiders own 0.12% of the company’s stock.

Visa News Summary

Here are the key news stories impacting Visa this week:

Wall Street Analysts Forecast Growth

Several analysts have commented on V shares. Loop Capital started coverage on shares of Visa in a research report on Tuesday, March 31st. They issued a “buy” rating and a $387.00 target price for the company. BMO Capital Markets started coverage on shares of Visa in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $365.00 target price for the company. Evercore set a $350.00 target price on shares of Visa in a research report on Wednesday, April 29th. Freedom Capital raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Finally, Macquarie Infrastructure reissued an “outperform” rating and issued a $410.00 target price on shares of Visa in a research report on Friday, January 30th. Six investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $387.67.

Read Our Latest Analysis on V

Visa Company Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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