International Assets Investment Management LLC Sells 10,273 Shares of Visa Inc. (NYSE:V)

International Assets Investment Management LLC reduced its position in Visa Inc. (NYSE:VGet Rating) by 45.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,195 shares of the credit-card processor’s stock after selling 10,273 shares during the period. International Assets Investment Management LLC’s holdings in Visa were worth $2,643,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Ropes Wealth Advisors LLC boosted its holdings in shares of Visa by 12.6% in the 4th quarter. Ropes Wealth Advisors LLC now owns 8,072 shares of the credit-card processor’s stock valued at $1,749,000 after buying an additional 905 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Visa by 1.6% in the 4th quarter. Rhumbline Advisers now owns 2,896,501 shares of the credit-card processor’s stock valued at $627,701,000 after buying an additional 44,299 shares in the last quarter. L2 Asset Management LLC bought a new stake in shares of Visa in the 4th quarter valued at about $526,000. Summitry LLC raised its position in shares of Visa by 3.1% in the 4th quarter. Summitry LLC now owns 243,739 shares of the credit-card processor’s stock valued at $52,821,000 after purchasing an additional 7,372 shares during the last quarter. Finally, Dakota Wealth Management raised its position in shares of Visa by 2.8% in the 4th quarter. Dakota Wealth Management now owns 86,701 shares of the credit-card processor’s stock valued at $18,789,000 after purchasing an additional 2,371 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Shares of NYSE:V traded up $5.26 during trading on Friday, hitting $199.23. 6,684,482 shares of the stock traded hands, compared to its average volume of 7,992,791. The company has a fifty day moving average price of $211.67 and a two-hundred day moving average price of $212.88. Visa Inc. has a 52-week low of $186.67 and a 52-week high of $252.67. The company has a market cap of $378.79 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 1.68 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

Visa (NYSE:VGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. Visa had a net margin of 51.10% and a return on equity of 42.89%. The firm had revenue of $7.19 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the company earned $1.38 EPS. The firm’s revenue for the quarter was up 25.5% compared to the same quarter last year. On average, equities research analysts predict that Visa Inc. will post 7.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $1.50 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio is currently 23.58%.

Several brokerages recently commented on V. Raymond James increased their price objective on shares of Visa from $265.00 to $281.00 and gave the company an “outperform” rating in a research report on Friday, January 28th. Evercore ISI increased their price objective on shares of Visa from $304.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, April 27th. Wedbush increased their price objective on shares of Visa from $240.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 28th. Cowen decreased their price objective on shares of Visa from $276.00 to $254.00 in a research report on Wednesday, April 27th. Finally, Morgan Stanley increased their price objective on shares of Visa from $279.00 to $284.00 in a research report on Wednesday, April 27th. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Visa currently has a consensus rating of “Buy” and an average target price of $265.24.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction on Friday, April 29th. The shares were sold at an average price of $218.62, for a total transaction of $1,967,580.00. Following the sale, the chief executive officer now owns 165,887 shares of the company’s stock, valued at approximately $36,266,215.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Ryan Mcinerney sold 6,466 shares of Visa stock in a transaction on Monday, March 28th. The stock was sold at an average price of $220.00, for a total transaction of $1,422,520.00. The disclosure for this sale can be found here. Insiders sold a total of 41,047 shares of company stock worth $9,030,622 in the last three months. 0.21% of the stock is owned by corporate insiders.

About Visa (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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