Ingalls & Snyder LLC Decreases Holdings in Visa Inc. (NYSE:V)

Ingalls & Snyder LLC cut its stake in shares of Visa Inc. (NYSE:V) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,702 shares of the credit-card processor’s stock after selling 386 shares during the period. Ingalls & Snyder LLC’s holdings in Visa were worth $7,491,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in V. Raab & Moskowitz Asset Management LLC increased its stake in shares of Visa by 3.9% in the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 10,703 shares of the credit-card processor’s stock worth $3,383,000 after purchasing an additional 399 shares in the last quarter. Warren Street Wealth Advisors LLC increased its stake in shares of Visa by 9.1% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 2,398 shares of the credit-card processor’s stock worth $758,000 after purchasing an additional 200 shares in the last quarter. Hidden Cove Wealth Management LLC purchased a new stake in shares of Visa in the 4th quarter worth $223,000. Three Bridge Wealth Advisors LLC increased its stake in shares of Visa by 4.5% in the 4th quarter. Three Bridge Wealth Advisors LLC now owns 3,718 shares of the credit-card processor’s stock worth $1,175,000 after purchasing an additional 159 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of Visa by 52.1% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,883 shares of the credit-card processor’s stock worth $595,000 after purchasing an additional 645 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on V. BMO Capital Markets upped their price objective on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Macquarie upped their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Citigroup increased their price target on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods increased their price target on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $354.73.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock valued at $19,830,050 over the last 90 days. Insiders own 0.13% of the company’s stock.

Visa Stock Down 0.5 %

Shares of NYSE:V opened at $353.73 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $356.08. The company has a 50-day moving average price of $324.29 and a 200 day moving average price of $298.30. The company has a market cap of $657.15 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities research analysts predict that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

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.