Embree Financial Group Sells 130 Shares of Visa Inc. (NYSE:V)

Embree Financial Group lowered its stake in shares of Visa Inc. (NYSE:V) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,171 shares of the credit-card processor’s stock after selling 130 shares during the quarter. Embree Financial Group’s holdings in Visa were worth $370,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Crescent Grove Advisors LLC lifted its stake in shares of Visa by 2.2% in the fourth quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor’s stock worth $454,000 after buying an additional 31 shares during the last quarter. Marshall Financial Group LLC lifted its position in Visa by 1.3% during the 4th quarter. Marshall Financial Group LLC now owns 11,931 shares of the credit-card processor’s stock worth $3,771,000 after acquiring an additional 152 shares during the last quarter. Regency Capital Management Inc. DE boosted its holdings in Visa by 2.2% during the fourth quarter. Regency Capital Management Inc. DE now owns 11,304 shares of the credit-card processor’s stock valued at $3,573,000 after acquiring an additional 243 shares during the period. First Citizens Bank & Trust Co. grew its position in shares of Visa by 1.1% in the fourth quarter. First Citizens Bank & Trust Co. now owns 63,574 shares of the credit-card processor’s stock valued at $20,092,000 after purchasing an additional 668 shares during the last quarter. Finally, Archford Capital Strategies LLC increased its stake in shares of Visa by 1.3% in the fourth quarter. Archford Capital Strategies LLC now owns 34,469 shares of the credit-card processor’s stock worth $10,894,000 after purchasing an additional 451 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on V. TD Cowen increased their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer upped their target price on shares of Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Jefferies Financial Group increased their price target on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $335.52.

Insider Activity

In related 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 value of $2,739,263.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Fabara sold 2,171 shares of the business’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 completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Performance

NYSE:V opened at $334.80 on Wednesday. The stock has a market capitalization of $623.69 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $337.83. The firm has a 50 day moving average of $315.39 and a 200-day moving average of $291.29.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 EPS. As a group, sell-side analysts anticipate that Visa Inc. will post 11.19 EPS for the current fiscal year.

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.