Visa Inc. (NYSE:V) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its position in Visa Inc. (NYSE:V) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,354,624 shares of the credit-card processor’s stock after selling 11,226 shares during the period. Visa makes up approximately 0.6% of Russell Investments Group Ltd.’s holdings, making the stock its 14th largest holding. Russell Investments Group Ltd.’s holdings in Visa were worth $352,684,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investment Advisory Services Inc. TX ADV lifted its position in Visa by 2.0% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after acquiring an additional 78 shares in the last quarter. Nadler Financial Group Inc. increased its holdings in shares of Visa by 2.4% in the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after acquiring an additional 44 shares during the last quarter. Towerpoint Wealth LLC bought a new stake in shares of Visa in the 4th quarter valued at approximately $216,000. Andrew Hill Investment Advisors Inc. bought a new stake in shares of Visa in the 4th quarter valued at approximately $3,427,000. Finally, Wayfinding Financial LLC grew its stake in 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 buying an additional 161 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on V. Wedbush upped their price objective on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday. Mizuho restated a “neutral” rating and set a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Wells Fargo & Company upped their price objective on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Macquarie boosted their price target on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Barclays boosted their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $302.58.

Visa Stock Down 0.2 %

V stock traded down $0.64 during mid-day trading on Friday, hitting $274.52. The stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The company has a fifty day moving average of $279.24 and a 200 day moving average of $264.33. The stock has a market capitalization of $504.16 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.96.

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

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Insider Activity at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on 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 owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,874 shares of company stock valued at $5,506,827. Corporate 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.