Visa Inc. (NYSE:V) Shares Sold by KFG Wealth Management LLC

KFG Wealth Management LLC reduced its position in Visa Inc. (NYSE:V) by 20.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,624 shares of the credit-card processor’s stock after selling 419 shares during the quarter. KFG Wealth Management LLC’s holdings in Visa were worth $513,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Regency Capital Management Inc. DE raised its stake in shares of Visa by 2.2% during the 4th quarter. Regency Capital Management Inc. DE now owns 11,304 shares of the credit-card processor’s stock worth $3,573,000 after buying an additional 243 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Visa by 1.1% during the 4th quarter. First Citizens Bank & Trust Co. now owns 63,574 shares of the credit-card processor’s stock worth $20,092,000 after purchasing an additional 668 shares in the last quarter. Archford Capital Strategies LLC grew its stake in shares of Visa by 1.3% during the 4th 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. Duncan Williams Asset Management LLC increased its holdings in shares of Visa by 73.6% in the 4th quarter. Duncan Williams Asset Management LLC now owns 9,860 shares of the credit-card processor’s stock valued at $3,116,000 after purchasing an additional 4,179 shares in the last quarter. Finally, TTP Investments Inc. lifted its stake in shares of Visa by 51.6% in the fourth quarter. TTP Investments Inc. now owns 1,261 shares of the credit-card processor’s stock valued at $399,000 after purchasing an additional 429 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.1 %

Shares of V stock opened at $334.80 on Wednesday. The firm’s 50-day simple moving average is $315.39 and its 200-day simple moving average is $291.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $337.83. The firm has a market cap of $623.69 billion, a P/E ratio of 34.41, a PEG ratio of 2.17 and a beta of 0.96.

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

Analyst Upgrades and Downgrades

V has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Macquarie upped their target price on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $335.52.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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. Insiders own 0.13% of the company’s stock.

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.