Stonebridge Financial Planning Group LLC Has $2.43 Million Stake in Visa Inc. (NYSE:V)

Stonebridge Financial Planning Group LLC lessened its stake in Visa Inc. (NYSE:V) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,329 shares of the credit-card processor’s stock after selling 175 shares during the quarter. Visa makes up about 1.4% of Stonebridge Financial Planning Group LLC’s holdings, making the stock its 15th largest position. Stonebridge Financial Planning Group LLC’s holdings in Visa were worth $2,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Investment Advisory Services Inc. TX ADV grew its stake 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 purchasing an additional 78 shares during the period. Nadler Financial Group Inc. raised its position in Visa by 2.4% in the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after acquiring an additional 44 shares during the period. Towerpoint Wealth LLC purchased a new position in Visa in the fourth quarter valued at about $216,000. Andrew Hill Investment Advisors Inc. bought a new position in shares of Visa during the 4th quarter valued at approximately $3,427,000. Finally, Wayfinding Financial LLC increased its stake in shares of Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Down 1.2 %

Shares of V traded down $3.23 during trading hours on Tuesday, hitting $268.61. The company had a trading volume of 6,319,837 shares, compared to its average volume of 5,935,189. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The stock’s 50 day moving average price is $279.11 and its 200 day moving average price is $264.97. The firm has a market cap of $493.30 billion, a P/E ratio of 30.17, a P/E/G ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 earnings per share. On average, research analysts predict that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were 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 have sold 19,874 shares of company stock valued at $5,506,827 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

V has been the subject of several research reports. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Macquarie increased their target price on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods upped their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Evercore ISI raised their price objective on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

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.