Facet Wealth Inc. Sells 64 Shares of Visa Inc. (NYSE:V)

Facet Wealth Inc. trimmed its position in Visa Inc. (NYSE:V) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,685 shares of the credit-card processor’s stock after selling 64 shares during the period. Facet Wealth Inc.’s holdings in Visa were worth $586,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. grew its position in Visa by 1.2% in the 4th quarter. Harbour Investments Inc. now owns 21,516 shares of the credit-card processor’s stock worth $6,800,000 after purchasing an additional 246 shares in the last quarter. Greenwich Wealth Management LLC boosted its stake in Visa by 2.7% in the fourth quarter. Greenwich Wealth Management LLC now owns 1,296 shares of the credit-card processor’s stock valued at $410,000 after acquiring an additional 34 shares during the last quarter. Ninepoint Partners LP increased its stake in shares of Visa by 20.1% during the 4th quarter. Ninepoint Partners LP now owns 3,109 shares of the credit-card processor’s stock worth $983,000 after purchasing an additional 520 shares during the last quarter. Ascent Capital Management LLC purchased a new stake in shares of Visa during the 4th quarter worth approximately $369,000. Finally, Pollock Investment Advisors LLC purchased a new stake in shares of Visa during the 4th quarter worth approximately $1,260,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on 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 owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,855 shares of company stock worth $35,165,827 in the last 90 days. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

V has been the subject of several research analyst reports. Raymond James restated an “outperform” rating and set a $393.00 price target (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Morgan Stanley raised their price target on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. raised their price target on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group raised their price target on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, William Blair restated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Visa Stock Performance

Visa stock opened at $331.72 on Friday. The firm’s fifty day moving average price is $337.96 and its 200-day moving average price is $310.90. 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 stock has a market cap of $616.26 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54.

Visa (NYSE:V) last posted its quarterly earnings data 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 net margin of 54.27% and a return on equity of 54.79%. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

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.