Schechter Investment Advisors LLC Reduces Stock Position in Visa Inc. (NYSE:V)

Schechter Investment Advisors LLC cut its stake in Visa Inc. (NYSE:V) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,944 shares of the credit-card processor’s stock after selling 1,180 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Visa were worth $7,251,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Peterson Financial Group Inc. acquired a new stake in Visa during the third quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in Visa in the fourth quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa in the fourth quarter valued at $27,000. POM Investment Strategies LLC lifted its stake in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Modus Advisors LLC purchased a new position in shares of Visa during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V stock opened at $361.60 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $671.77 billion, a P/E ratio of 36.45, a PEG ratio of 2.33 and a beta of 0.97. The business has a 50 day simple moving average of $333.92 and a 200-day simple moving average of $306.64. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.65%. Visa’s dividend payout ratio (DPR) is 23.79%.

Wall Street Analyst Weigh In

V has been the topic of several research analyst reports. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 31st. Susquehanna boosted their price target on shares of Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research note on Friday, February 21st. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Citigroup reiterated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target of $353.96.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,885 shares of company stock valued at $19,161,447. 0.13% of the stock is owned by company 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.