Visa Inc. (NYSE:V) Shares Sold by Darwin Wealth Management LLC

Darwin Wealth Management LLC decreased its position in Visa Inc. (NYSE:V) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,385 shares of the credit-card processor’s stock after selling 1,033 shares during the period. Darwin Wealth Management LLC’s holdings in Visa were worth $2,964,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Trifecta Capital Advisors LLC raised its position in Visa by 2.7% during the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after buying an additional 536 shares during the period. Apexium Financial LP lifted its stake in shares of Visa by 12.4% during the third quarter. Apexium Financial LP now owns 3,722 shares of the credit-card processor’s stock valued at $856,000 after acquiring an additional 412 shares during the period. Jackson Square Capital LLC increased its holdings in Visa by 2.6% in the third quarter. Jackson Square Capital LLC now owns 23,538 shares of the credit-card processor’s stock valued at $5,414,000 after purchasing an additional 601 shares during the last quarter. SevenBridge Financial Group LLC grew its holdings in Visa by 10.3% during the third quarter. SevenBridge Financial Group LLC now owns 13,868 shares of the credit-card processor’s stock valued at $3,190,000 after purchasing an additional 1,299 shares during the period. Finally, Snider Financial Group grew its stake in Visa by 5.3% in the third quarter. Snider Financial Group now owns 7,610 shares of the credit-card processor’s stock valued at $1,750,000 after acquiring an additional 385 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Visa Trading Up 0.6 %

Shares of NYSE:V traded up $1.71 during trading on Friday, reaching $280.25. 921,785 shares of the stock were exchanged, compared to its average volume of 5,898,794. The firm’s 50-day moving average price is $277.64 and its 200 day moving average price is $266.44. The firm has a market cap of $512.56 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion for 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 firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.09 earnings per share. On average, sell-side analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.74%. Visa’s payout ratio is currently 23.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on V shares. Keefe, Bruyette & Woods boosted 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. Evercore ISI increased their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Susquehanna boosted their price objective on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Finally, Wedbush raised their target price on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $303.00.

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.