Transamerica Financial Advisors Inc. Sells 479 Shares of Visa Inc. (NYSE:V)

Transamerica Financial Advisors Inc. cut its holdings in shares of Visa Inc. (NYSE:V) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,785 shares of the credit-card processor’s stock after selling 479 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Visa were worth $5,621,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Howard Capital Management Group LLC boosted its holdings in shares of Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after purchasing an additional 610 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock worth $1,576,366,000 after buying an additional 411,210 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Visa by 110.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 27,957 shares of the credit-card processor’s stock valued at $7,687,000 after buying an additional 14,675 shares in the last quarter. Carl P. Sherr & Co. LLC grew its position in Visa by 1.0% in the third quarter. Carl P. Sherr & Co. LLC now owns 5,906 shares of the credit-card processor’s stock valued at $1,624,000 after acquiring an additional 60 shares during the last quarter. Finally, Providence Wealth Advisors LLC acquired a new position in Visa during the third quarter worth about $224,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Trading Down 2.1 %

Shares of Visa stock opened at $342.62 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The stock has a 50 day moving average price of $343.60 and a two-hundred day moving average price of $315.06. The stock has a market capitalization of $636.51 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

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 analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa’s payout ratio is 23.79%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Piper Sandler reiterated an “overweight” rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group increased their target price on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $355.84.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. This represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. The trade was a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,205 shares of company stock worth $48,560,961. Insiders own 0.13% of the company’s stock.

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.