Fiduciary Group LLC Sells 1,495 Shares of Visa Inc. (NYSE:V)

Fiduciary Group LLC cut its stake in Visa Inc. (NYSE:V) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,638 shares of the credit-card processor’s stock after selling 1,495 shares during the quarter. Visa comprises approximately 1.4% of Fiduciary Group LLC’s holdings, making the stock its 17th largest holding. Fiduciary Group LLC’s holdings in Visa were worth $11,882,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of V. Investment Advisory Services Inc. TX ADV lifted its position in shares of Visa by 2.0% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after purchasing an additional 78 shares during the last quarter. Nadler Financial Group Inc. lifted its position in shares of Visa by 2.4% during the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after purchasing an additional 44 shares during the last quarter. Towerpoint Wealth LLC bought a new stake in shares of Visa during the fourth quarter worth $216,000. Andrew Hill Investment Advisors Inc. bought a new stake in shares of Visa during the fourth quarter worth $3,427,000. Finally, Wayfinding Financial LLC lifted its position in shares of Visa by 10.1% during the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after purchasing an additional 161 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

NYSE:V traded down $0.64 during trading hours on Friday, reaching $274.52. The company had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The firm has a market cap of $504.16 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The business’s 50 day moving average price is $279.24 and its 200-day moving average price is $264.52. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.45.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. Research analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on V. Evercore ISI raised their price target on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. UBS Group raised their price target on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company raised their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Keefe, Bruyette & Woods raised their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, Susquehanna raised their price target on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

Insider Buying and Selling

In related news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,874 shares of company stock worth $5,506,827. 0.19% of the stock is owned by corporate insiders.

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.