Roman Butler Fullerton & Co. Sells 63 Shares of Visa Inc. (NYSE:V)

Roman Butler Fullerton & Co. cut its holdings in shares of Visa Inc. (NYSE:V) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,622 shares of the credit-card processor’s stock after selling 63 shares during the period. Roman Butler Fullerton & Co.’s holdings in Visa were worth $1,238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Hibernia Wealth Partners LLC bought a new position in Visa during the third quarter worth about $25,000. Altshuler Shaham Ltd bought a new stake in shares of Visa in the third quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the fourth quarter valued at about $32,000. Financial Freedom LLC bought a new stake in shares of Visa in the fourth quarter valued at about $32,000. Finally, Nalls Sherbakoff Group LLC lifted its holdings in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

Shares of Visa stock opened at $271.37 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $279.71 and a two-hundred day moving average price of $262.62. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The company has a market cap of $498.37 billion, a P/E ratio of 31.23, a PEG ratio of 1.88 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same period last year, the business posted $2.18 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. As a group, analysts anticipate that Visa Inc. will post 9.88 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio is presently 23.94%.

Wall Street Analyst Weigh In

V has been the topic of a number of research reports. Susquehanna boosted their price target on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Raymond James upped their target price on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Evercore ISI upped their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. TD Cowen began coverage on Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price on the stock. Finally, Keefe, Bruyette & Woods increased their price target on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock worth $5,256,352 in the last three months. Company insiders own 0.19% 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.