ARQ Wealth Advisors LLC Sells 185 Shares of Visa Inc. (NYSE:V)

ARQ Wealth Advisors LLC trimmed its stake in Visa Inc. (NYSE:V) by 16.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 971 shares of the credit-card processor’s stock after selling 185 shares during the period. ARQ Wealth Advisors LLC’s holdings in Visa were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Toronto Dominion Bank increased its holdings in Visa by 3.7% in the 4th quarter. Toronto Dominion Bank now owns 613,002 shares of the credit-card processor’s stock worth $193,723,000 after acquiring an additional 21,827 shares in the last quarter. Three Cord True Wealth Management LLC bought a new position in shares of Visa in the fourth quarter worth approximately $267,000. Warm Springs Advisors Inc. bought a new position in shares of Visa in the fourth quarter worth approximately $3,202,000. Pinney & Scofield Inc. purchased a new stake in shares of Visa in the fourth quarter worth $181,000. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Visa during the 4th quarter valued at $1,732,000. 82.15% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $194,931. This represents a 94.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,948 shares of company stock valued at $41,548,282. 0.13% of the stock is currently owned by insiders.

Visa Stock Performance

Visa stock opened at $354.04 on Friday. The company’s 50-day moving average price is $341.47 and its 200-day moving average price is $331.75. 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 company has a market cap of $653.27 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $369.15.

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

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued 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 of this dividend is Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is 23.72%.

Analysts Set New Price Targets

V has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Piper Sandler boosted their price objective on Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Barclays upped their price objective on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Susquehanna reiterated a “positive” rating on shares of Visa in a research report on Friday, March 21st. Finally, Wells Fargo & Company boosted their price target on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $362.38.

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.