Visa Inc. (NYSE:V) Shares Sold by Houlihan Financial Resource Group Ltd.

Houlihan Financial Resource Group Ltd. reduced its stake in shares of Visa Inc. (NYSE:V) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,466 shares of the credit-card processor’s stock after selling 346 shares during the quarter. Visa accounts for approximately 1.5% of Houlihan Financial Resource Group Ltd.’s holdings, making the stock its 23rd largest holding. Houlihan Financial Resource Group Ltd.’s holdings in Visa were worth $3,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of V. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the 4th quarter worth about $27,000. POM Investment Strategies LLC raised 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 in the last quarter. Modus Advisors LLC bought a new position in shares of Visa during the fourth quarter worth about $32,000. Finally, Compass Planning Associates Inc acquired a new position in Visa in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on V. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Susquehanna restated a “positive” rating on shares of Visa in a research report on Friday. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Finally, Barclays boosted their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $353.96.

Visa Stock Up 2.5 %

Shares of Visa stock opened at $343.96 on Tuesday. The stock has a 50-day moving average price of $341.23 and a 200 day moving average price of $313.75. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a market cap of $639.00 billion, a P/E ratio of 34.67, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate 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, analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa’s dividend payout ratio is 23.79%.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were 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 in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were 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 quarter, insiders sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is owned by corporate insiders.

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.