Visa Inc. (NYSE:V) Stock Position Lowered by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. trimmed its position in shares of Visa Inc. (NYSE:V) by 11.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,482 shares of the credit-card processor’s stock after selling 578 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Visa were worth $1,416,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in V. Affiance Financial LLC increased its stake in Visa by 5.4% in the 3rd quarter. Affiance Financial LLC now owns 954 shares of the credit-card processor’s stock valued at $262,000 after buying an additional 49 shares during the period. Martin Capital Advisors LLP increased its stake in shares of Visa by 0.6% in the third quarter. Martin Capital Advisors LLP now owns 11,221 shares of the credit-card processor’s stock worth $3,085,000 after acquiring an additional 66 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in shares of Visa by 1.0% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 163,901 shares of the credit-card processor’s stock worth $45,065,000 after acquiring an additional 1,575 shares in the last quarter. Thomasville National Bank raised its holdings in shares of Visa by 3.6% during the third quarter. Thomasville National Bank now owns 113,108 shares of the credit-card processor’s stock worth $31,099,000 after acquiring an additional 3,903 shares in the last quarter. Finally, Capricorn Fund Managers Ltd boosted its position in Visa by 75.7% during the third quarter. Capricorn Fund Managers Ltd now owns 19,554 shares of the credit-card processor’s stock valued at $5,376,000 after purchasing an additional 8,422 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Up 0.9 %

Visa stock opened at $351.26 on Tuesday. The business has a 50 day moving average price of $321.08 and a two-hundred day moving average price of $296.19. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $351.90. The stock has a market cap of $652.56 billion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities analysts forecast that Visa Inc. will post 11.27 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Insider Activity at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,056 shares of company stock valued at $19,830,050 over the last quarter. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on V shares. Barclays raised their price target on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Oppenheimer raised their price target on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Morgan Stanley lifted their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group increased their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $354.73.

About Visa

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.