Financial Management Network Inc. Decreases Position in Visa Inc. (NYSE:V)

Financial Management Network Inc. trimmed its holdings in shares of Visa Inc. (NYSE:V) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,269 shares of the credit-card processor’s stock after selling 858 shares during the period. Visa comprises approximately 1.3% of Financial Management Network Inc.’s portfolio, making the stock its 22nd largest position. Financial Management Network Inc.’s holdings in Visa were worth $6,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Timber Creek Capital Management LLC grew its holdings in shares of Visa by 0.4% in the fourth quarter. Timber Creek Capital Management LLC now owns 46,329 shares of the credit-card processor’s stock worth $14,642,000 after purchasing an additional 179 shares during the last quarter. Atlas Legacy Advisors LLC purchased a new stake in Visa during the 4th quarter valued at $321,000. Bank of Jackson Hole Trust bought a new stake in Visa in the 4th quarter worth $2,190,000. Lorne Steinberg Wealth Management Inc. increased its position in shares of Visa by 0.5% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 28,201 shares of the credit-card processor’s stock valued at $8,913,000 after acquiring an additional 150 shares during the period. Finally, Davidson Investment Advisors raised its stake in shares of Visa by 1.7% during the fourth quarter. Davidson Investment Advisors now owns 86,830 shares of the credit-card processor’s stock valued at $27,442,000 after acquiring an additional 1,459 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on V. Royal Bank of Canada raised their target price on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 31st. BMO Capital Markets lifted their price target on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $355.31.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,885 shares of company stock valued at $19,161,447 over the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Down 0.6 %

NYSE:V opened at $348.27 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $647.01 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.36 and a beta of 0.97. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $357.15. The firm has a 50-day simple moving average of $329.14 and a two-hundred day simple moving average of $302.03.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

Visa Company 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.