Visa Inc. (NYSE:V) Shares Sold by Aristotle Atlantic Partners LLC

Aristotle Atlantic Partners LLC cut its holdings in Visa Inc. (NYSE:V) by 2.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 352,507 shares of the credit-card processor’s stock after selling 10,682 shares during the quarter. Visa accounts for 3.5% of Aristotle Atlantic Partners LLC’s investment portfolio, making the stock its 7th biggest holding. Aristotle Atlantic Partners LLC’s holdings in Visa were worth $111,406,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Decker Retirement Planning Inc. bought a new position in Visa in the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa during the fourth quarter worth $27,000. POM Investment Strategies LLC raised its position in 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 buying an additional 32 shares during the last quarter. Modus Advisors LLC purchased a new position in Visa during the 4th quarter worth $32,000. Finally, Compass Planning Associates Inc bought a new stake in Visa in the 4th quarter worth about $32,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s 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 completion of the sale, the insider now 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 disclosure for this sale can be found here. Insiders have sold a total of 154,400 shares of company stock valued at $52,711,258 over the last 90 days. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on V. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Barclays lifted their target price on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $362.38.

Visa Stock Performance

NYSE:V opened at $347.66 on Friday. The stock has a market cap of $645.87 billion, a P/E ratio of 35.05, a PEG ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $337.61 and its two-hundred day moving average price is $324.57. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.51 earnings per share. As a group, equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be given a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.