Visa Inc. (NYSE:V) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in shares of Visa Inc. (NYSE:V) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,100,459 shares of the credit-card processor’s stock after selling 451,016 shares during the period. Visa makes up about 0.9% of Nuveen Asset Management LLC’s investment portfolio, making the stock its 15th largest position. Nuveen Asset Management LLC owned approximately 0.54% of Visa worth $3,192,149,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Regent Peak Wealth Advisors LLC boosted its position in shares of Visa by 2.5% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 4,927 shares of the credit-card processor’s stock valued at $1,557,000 after purchasing an additional 121 shares during the period. RMR Wealth Builders lifted its stake in Visa by 4.5% during the fourth quarter. RMR Wealth Builders now owns 15,885 shares of the credit-card processor’s stock valued at $5,020,000 after buying an additional 677 shares in the last quarter. Matrix Trust Co acquired a new position in shares of Visa in the fourth quarter worth about $161,000. Claro Advisors LLC increased its position in shares of Visa by 1.7% in the fourth quarter. Claro Advisors LLC now owns 9,350 shares of the credit-card processor’s stock worth $2,955,000 after acquiring an additional 156 shares in the last quarter. Finally, Persium Advisors LLC acquired a new stake in shares of Visa during the fourth quarter valued at approximately $549,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,948 shares of company stock valued at $41,548,282. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on V. Barclays lifted their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. The Goldman Sachs Group upped their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. BMO Capital Markets increased their price objective on Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. UBS Group lowered their target price on Visa from $400.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup restated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $362.38.

Visa Stock Up 0.1%

V stock opened at $356.13 on Wednesday. The stock has a market capitalization of $661.61 billion, a price-to-earnings ratio of 35.90, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company has a 50-day moving average of $337.30 and a two-hundred day moving average of $328.04. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.51 EPS. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. Visa’s payout ratio is 23.72%.

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.