Visa Inc. (NYSE:V) Shares Sold by Symmetry Partners LLC

Symmetry Partners LLC trimmed its holdings in shares of Visa Inc. (NYSE:V) by 29.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 588 shares of the credit-card processor’s stock after selling 247 shares during the period. Symmetry Partners LLC’s holdings in Visa were worth $206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of V. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa during the fourth quarter worth approximately $27,000. NewSquare Capital LLC acquired a new position in shares of Visa during the 4th quarter valued at $35,000. Sellwood Investment Partners LLC bought a new stake in shares of Visa in the 4th quarter worth $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Visa in the fourth quarter valued at $47,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of Visa in the fourth quarter valued at $47,000. 82.15% of the stock is currently owned by institutional investors.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $185,576.46. This trade represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider now owns 26,413 shares of the company’s stock, valued at $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,098 shares of company stock valued at $36,738,526. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

V has been the topic of a number of research analyst reports. Macquarie lowered their target price on Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Barclays restated an “overweight” rating on shares of Visa in a research report on Friday, June 13th. Citigroup assumed coverage on shares of Visa in a report on Monday, June 2nd. They issued a “buy” rating on the stock. Jefferies Financial Group increased their target price on shares of Visa from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Finally, BMO Capital Markets raised their target price on shares of Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $372.80.

Visa Trading Down 1.6%

NYSE:V opened at $345.87 on Thursday. The stock has a market cap of $638.19 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s 50-day moving average is $352.56 and its two-hundred day moving average is $339.31.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the firm posted $2.51 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Visa’s dividend payout ratio is currently 23.72%.

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.