Robertson Stephens Wealth Management LLC reduced its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 32,514 shares of the credit-card processor’s stock after selling 2,398 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Visa were worth $8,465,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in shares of Visa in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in Visa in the 4th quarter valued at $32,000. Valued Wealth Advisors LLC acquired a new position in Visa in the 4th quarter valued at $37,000. Stuart Chaussee & Associates Inc. grew its holdings in Visa by 66.2% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after buying an additional 94 shares in the last quarter. Finally, Life Planning Partners Inc bought a new position in Visa during the 4th quarter worth $71,000. 82.15% of the stock is owned by institutional investors and hedge funds.
Visa Trading Up 0.2 %
Shares of V traded up $0.58 during trading hours on Thursday, hitting $267.90. 1,165,682 shares of the stock were exchanged, compared to its average volume of 5,880,075. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The business has a 50-day moving average of $278.79 and a 200-day moving average of $265.21. The firm has a market capitalization of $492.00 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.
Visa Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.78%. Visa’s dividend payout ratio (DPR) is presently 23.24%.
Insider Activity
In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 11,724 shares of company stock worth $3,278,698 in the last three months. Company insiders own 0.19% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on V shares. KeyCorp boosted their price target on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Redburn Atlantic reissued a “neutral” rating and set a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. UBS Group boosted their price target on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Robert W. Baird increased their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Finally, Evercore ISI raised their target price on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.00.
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.
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