Finer Wealth Management Inc. Has $359,000 Stake in Visa Inc. (NYSE:V)

Finer Wealth Management Inc. lessened its stake in shares of Visa Inc. (NYSE:V) by 12.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,137 shares of the credit-card processor’s stock after selling 168 shares during the period. Finer Wealth Management Inc.’s holdings in Visa were worth $359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Decker Retirement Planning Inc. bought a new position in shares of Visa in the fourth quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa in the 4th quarter valued at about $27,000. POM Investment Strategies LLC boosted its stake in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC bought a new stake in Visa during the 4th quarter worth approximately $32,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Visa in the fourth quarter worth approximately $32,000. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. This trade represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of NYSE V opened at $335.88 on Wednesday. The stock has a fifty day moving average of $341.89 and a 200-day moving average of $319.63. The stock has a market cap of $623.98 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. 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 fifty-two week low of $252.70 and a fifty-two week high of $366.54.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Wall Street Analyst Weigh In

V has been the subject of a number of analyst reports. Evercore ISI initiated coverage on Visa in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price target for the company. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. StockNews.com downgraded shares of Visa from a “buy” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Finally, Wells Fargo & Company upped their target price on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $355.84.

About Visa

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.