Bank of Marin Sells 270 Shares of Visa Inc. (NYSE:V)

Bank of Marin lessened its holdings in shares of Visa Inc. (NYSE:VFree Report) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,311 shares of the credit-card processor’s stock after selling 270 shares during the quarter. Bank of Marin’s holdings in Visa were worth $992,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of V. HWG Holdings LP boosted its stake in shares of Visa by 18.4% during the 2nd quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock worth $64,000 after purchasing an additional 42 shares during the period. Gateway Advisory LLC boosted its stake in shares of Visa by 3.7% during the 2nd quarter. Gateway Advisory LLC now owns 1,191 shares of the credit-card processor’s stock worth $283,000 after purchasing an additional 43 shares during the period. Powers Advisory Group LLC boosted its stake in shares of Visa by 4.1% during the 3rd quarter. Powers Advisory Group LLC now owns 1,101 shares of the credit-card processor’s stock worth $253,000 after purchasing an additional 43 shares during the period. Eastover Investment Advisors LLC boosted its stake in shares of Visa by 0.8% during the 2nd quarter. Eastover Investment Advisors LLC now owns 5,402 shares of the credit-card processor’s stock worth $1,283,000 after purchasing an additional 44 shares during the period. Finally, Raab & Moskowitz Asset Management LLC boosted its stake in shares of Visa by 0.4% during the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 10,752 shares of the credit-card processor’s stock worth $2,553,000 after purchasing an additional 44 shares during the period. Institutional investors own 81.35% of the company’s stock.

Visa Trading Up 1.3 %

Shares of Visa stock opened at $277.13 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12-month low of $208.76 and a 12-month high of $278.64. The firm has a market capitalization of $508.71 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 1.89 and a beta of 0.95. The firm’s 50 day simple moving average is $261.07 and its two-hundred day simple moving average is $247.38.

Visa (NYSE:VGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.18 EPS. Analysts predict that Visa Inc. will post 9.91 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 9th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, February 8th. Visa’s dividend payout ratio (DPR) is currently 23.94%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on V shares. Raymond James lifted their price target on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. lowered their price objective on shares of Visa from $296.00 to $293.00 and set an “overweight” rating for the company in a research report on Monday, October 9th. Wedbush boosted their price objective on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Susquehanna boosted their price objective on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Finally, Barclays boosted their price objective on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $290.55.

Get Our Latest Stock Analysis on Visa

Insider Activity

In related news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $255.79, for a total transaction of $2,084,688.50. Following the sale, the chief executive officer now directly owns 29,152 shares of the company’s stock, valued at $7,456,790.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold 86,707 shares of company stock valued at $22,738,021 in the last ninety days. Insiders own 0.19% of the company’s stock.

About Visa

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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