Sendero Wealth Management LLC Sells 1,025 Shares of Visa Inc. (NYSE:V)

Sendero Wealth Management LLC trimmed its position in shares of Visa Inc. (NYSE:V) by 5.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,815 shares of the credit-card processor’s stock after selling 1,025 shares during the quarter. Visa comprises about 0.8% of Sendero Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Sendero Wealth Management LLC’s holdings in Visa were worth $5,314,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of V. Peterson Financial Group Inc. purchased a new position in shares of Visa in the third quarter worth $26,000. Reston Wealth Management LLC purchased a new position in Visa in the 3rd quarter worth about $31,000. Modus Advisors LLC bought a new position in Visa during the 4th quarter valued at about $32,000. West Financial Advisors LLC boosted its holdings in shares of Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares during the last quarter. Finally, Global Wealth Strategies & Associates grew its stake in shares of Visa by 79.0% in the third quarter. Global Wealth Strategies & Associates now owns 179 shares of the credit-card processor’s stock worth $49,000 after acquiring an additional 79 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wells Fargo & Company lifted their price objective on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. TD Cowen increased their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays boosted their price target on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Susquehanna increased their price objective on shares of Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average target price of $331.92.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Visa Stock Up 0.3 %

Shares of V stock opened at $317.10 on Friday. The company’s fifty day simple moving average is $312.94 and its two-hundred day simple moving average is $287.85. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $321.61. The stock has a market cap of $590.71 billion, a P/E ratio of 32.59, a PEG ratio of 2.06 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the business earned $2.33 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts predict that Visa Inc. will post 11.22 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.74%. The ex-dividend date was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is currently 24.25%.

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.