SVB Wealth LLC Has $28.07 Million Position in Visa Inc. (NYSE:V)

SVB Wealth LLC cut its holdings in shares of Visa Inc. (NYSE:V) by 14.6% during the fourth quarter, Holdings Channel reports. The fund owned 107,818 shares of the credit-card processor’s stock after selling 18,457 shares during the quarter. Visa comprises about 0.7% of SVB Wealth LLC’s holdings, making the stock its 27th biggest holding. SVB Wealth LLC’s holdings in Visa were worth $28,070,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Investment Advisory Services Inc. TX ADV grew its holdings in Visa by 2.0% in the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after buying an additional 78 shares in the last quarter. Towerpoint Wealth LLC acquired a new position in Visa in the 4th quarter valued at $216,000. Wayfinding Financial LLC grew its holdings in Visa by 10.1% in the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after buying an additional 161 shares in the last quarter. Richelieu Gestion SA acquired a new position in Visa in the 4th quarter valued at $307,000. Finally, Cooper Financial Group grew its holdings in Visa by 6.4% in the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock valued at $2,064,000 after buying an additional 476 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

V has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their price objective on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Monness Crespi & Hardt initiated coverage on Visa in a report on Wednesday, December 20th. They issued a “neutral” rating on the stock. Royal Bank of Canada upped their price objective on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. TD Cowen assumed coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective on the stock. Finally, William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $298.43.

Visa Price Performance

Shares of V stock opened at $272.69 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a market cap of $500.80 billion, a P/E ratio of 31.38, a P/E/G ratio of 1.87 and a beta of 0.96. The business has a fifty day simple moving average of $279.80 and a 200 day simple moving average of $262.56.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.18 EPS. On average, sell-side analysts forecast that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio is presently 23.94%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,511 shares of company stock worth $15,131,081. 0.19% of the stock is currently owned by insiders.

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.