Bryn Mawr Capital Management LLC Has $9.68 Million Stake in Visa Inc. (NYSE:V)

Bryn Mawr Capital Management LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 30,621 shares of the credit-card processor’s stock after selling 1,143 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Visa were worth $9,677,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Swedbank AB boosted its stake in shares of Visa by 10.7% in the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock worth $566,153,000 after buying an additional 199,440 shares during the last quarter. Howard Capital Management Group LLC boosted its stake in shares of Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after buying an additional 610 shares during the last quarter. Pettinga Financial Advisors LLC purchased a new position in shares of Visa in the 3rd quarter worth approximately $228,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Visa by 3.2% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 72,449 shares of the credit-card processor’s stock worth $19,920,000 after buying an additional 2,250 shares during the last quarter. Finally, Hedeker Wealth LLC boosted its stake in shares of Visa by 0.8% in the 3rd quarter. Hedeker Wealth LLC now owns 24,224 shares of the credit-card processor’s stock worth $6,660,000 after buying an additional 202 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 1.4 %

Visa stock opened at $355.56 on Friday. The stock has a market cap of $660.55 billion, a P/E ratio of 35.84, a PEG ratio of 2.33 and a beta of 0.97. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $360.31. The firm’s fifty day moving average price is $332.12 and its 200-day moving average price is $304.62. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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. Over the last ninety days, insiders sold 55,885 shares of company stock worth $19,161,447. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on V shares. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 31st. Wells Fargo & Company lifted their price target on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Barclays lifted their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group lifted 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. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $353.96.

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.