Visa Inc. $V is Advisors Asset Management Inc.’s 6th Largest Position

Advisors Asset Management Inc. reduced its stake in shares of Visa Inc. (NYSE:V) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,624 shares of the credit-card processor’s stock after selling 2,155 shares during the quarter. Visa makes up 1.5% of Advisors Asset Management Inc.’s holdings, making the stock its 6th largest position. Advisors Asset Management Inc.’s holdings in Visa were worth $77,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Keystone Global Partners LLC purchased a new position in Visa during the first quarter worth approximately $26,000. von Borstel & Associates Inc. purchased a new position in Visa during the first quarter worth approximately $27,000. 1 North Wealth Services LLC purchased a new position in Visa during the first quarter worth approximately $38,000. Measured Risk Portfolios Inc. purchased a new position in Visa during the fourth quarter worth approximately $47,000. Finally, O Brien Wealth Partners LLC purchased a new position in Visa during the first quarter worth approximately $54,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,630 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the sale, the insider directly owned 26,413 shares in the company, valued at approximately $9,772,810. The trade was a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,507 shares of company stock worth $25,213,475 in the last quarter. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on V. Morgan Stanley increased their price target on Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Oppenheimer lifted their price target on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. UBS Group restated a “buy” rating and issued a $415.00 price target (up previously from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Mizuho upgraded Visa from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Finally, Wall Street Zen raised Visa from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $383.17.

Visa Stock Performance

Shares of NYSE V opened at $349.86 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $348.47 and its two-hundred day moving average price is $347.36. Visa Inc. has a 52-week low of $268.23 and a 52-week high of $375.51. The stock has a market capitalization of $641.22 billion, a P/E ratio of 34.17, a P/E/G ratio of 2.34 and a beta of 0.92.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.13. The company had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.42 earnings per share. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa’s payout ratio is presently 23.05%.

Visa 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.