Holistic Financial Partners Lowers Stock Position in Visa Inc. (NYSE:V)

Holistic Financial Partners lessened its holdings in Visa Inc. (NYSE:V) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,796 shares of the credit-card processor’s stock after selling 81 shares during the period. Holistic Financial Partners’ holdings in Visa were worth $568,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of V. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in Visa during the fourth quarter valued at approximately $26,000. Reston Wealth Management LLC purchased a new stake in Visa during the third quarter valued at approximately $31,000. POM Investment Strategies LLC lifted its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in Visa during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.4 %

V stock opened at $350.61 on Thursday. The firm has a market cap of $651.36 billion, a PE ratio of 35.34, a P/E/G ratio of 2.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s fifty day moving average is $331.31 and its 200 day moving average is $304.27. Visa Inc. has a one year low of $252.70 and a one year high of $357.15.

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

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

V has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research report on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Wells Fargo & Company increased their target price on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,885 shares of company stock valued at $19,161,447 over the last ninety days. Corporate 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.