Nations Financial Group Inc. IA ADV Sells 180 Shares of Visa Inc. (NYSE:V)

Nations Financial Group Inc. IA ADV lowered its stake in shares of Visa Inc. (NYSE:V) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,912 shares of the credit-card processor’s stock after selling 180 shares during the period. Visa accounts for about 0.8% of Nations Financial Group Inc. IA ADV’s investment portfolio, making the stock its 23rd largest position. Nations Financial Group Inc. IA ADV’s holdings in Visa were worth $8,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of V. Altshuler Shaham Ltd bought a new stake in Visa in the third quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in Visa in the fourth quarter worth $32,000. Valued Wealth Advisors LLC bought a new stake in Visa in the fourth quarter worth $37,000. Delos Wealth Advisors LLC increased its position in Visa by 2,500.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. Finally, Tidemark LLC bought a new stake in Visa in the fourth quarter worth $51,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.1 %

Shares of NYSE:V traded up $0.26 during trading on Friday, reaching $274.49. The stock had a trading volume of 4,339,967 shares, compared to its average volume of 7,948,953. The company has a market capitalization of $502.03 billion, a P/E ratio of 30.67, a PEG ratio of 1.88 and a beta of 0.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $276.70 and its 200 day simple moving average is $269.88. Visa Inc. has a one year low of $216.14 and a one year high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm posted $2.09 EPS. As a group, research analysts expect that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have weighed in on V shares. Robert W. Baird boosted their price objective on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Macquarie upped their price target on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. UBS Group upped their price target on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Evercore ISI upped their price target on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Wedbush increased their target price on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.76.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd Carney sold 909 shares of the firm’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 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. Insiders sold 34,402 shares of company stock valued at $9,559,382 in the last three months. 0.19% of the stock is owned by insiders.

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.