Visa Inc. (NYSE:V) Shares Sold by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC cut its holdings in shares of Visa Inc. (NYSE:V) by 21.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,541 shares of the credit-card processor’s stock after selling 425 shares during the period. MFA Wealth Advisors LLC’s holdings in Visa were worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in V. Peterson Financial Group Inc. acquired a new position in Visa during the third quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new position in Visa in the fourth quarter valued at $26,000. Reston Wealth Management LLC purchased a new position in Visa in the third quarter valued at $31,000. Modus Advisors LLC purchased a new position in Visa in the fourth quarter valued at $32,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Visa in the fourth quarter valued at $44,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

V has been the subject of a number of recent analyst reports. UBS Group lifted their price objective on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Raymond James reissued an “outperform” rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Piper Sandler reissued an “overweight” rating and set a $383.00 target price (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Bank of America boosted their target price on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company upped their price objective on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $354.73.

Visa Price Performance

Visa stock opened at $350.88 on Wednesday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $352.12. The company’s 50 day moving average is $321.77 and its two-hundred day moving average is $296.88. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market cap of $651.85 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings data 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 net margin of 54.27% and a return on equity of 54.79%. On average, research analysts expect that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,054,500. This represents a 17.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,056 shares of company stock worth $19,830,050 in the last ninety days. 0.13% of the stock is owned by corporate insiders.

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.