Tyche Wealth Partners LLC Decreases Stake in Visa Inc. (NYSE:V)

Tyche Wealth Partners LLC reduced its stake in shares of Visa Inc. (NYSE:V) by 1.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 26,066 shares of the credit-card processor’s stock after selling 307 shares during the period. Visa makes up approximately 1.7% of Tyche Wealth Partners LLC’s portfolio, making the stock its 13th largest position. Tyche Wealth Partners LLC’s holdings in Visa were worth $8,238,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Absher Wealth Management LLC boosted its position in shares of Visa by 1.6% during the 4th quarter. Absher Wealth Management LLC now owns 90,512 shares of the credit-card processor’s stock worth $28,605,000 after purchasing an additional 1,425 shares in the last quarter. Foguth Wealth Management LLC. boosted its position in shares of Visa by 7.4% in the 4th quarter. Foguth Wealth Management LLC. now owns 869 shares of the credit-card processor’s stock worth $287,000 after buying an additional 60 shares in the last quarter. Clayton Financial Group LLC purchased a new stake in shares of Visa in the 4th quarter worth about $211,000. Meritage Portfolio Management purchased a new stake in shares of Visa in the 4th quarter worth about $306,000. Finally, Choreo LLC boosted its position in shares of Visa by 17.1% in the 4th quarter. Choreo LLC now owns 80,921 shares of the credit-card processor’s stock worth $25,530,000 after buying an additional 11,806 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold 58,056 shares of company stock worth $19,830,050 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Visa Trading Up 0.2 %

NYSE V opened at $348.26 on Friday. Visa Inc. has a one year low of $252.70 and a one year high of $351.25. The company’s 50 day moving average price is $320.41 and its 200 day moving average price is $295.12. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The firm has a market capitalization of $648.77 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts predict that Visa Inc. will post 11.2 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on V. BMO Capital Markets boosted their price objective on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird boosted their price objective on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Susquehanna boosted their price objective on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Finally, TD Cowen upped their target price on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $354.73.

Visa Company 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.