Visa Inc. (NYSE:V) Shares Sold by Armor Investment Advisors LLC

Armor Investment Advisors LLC trimmed its holdings in Visa Inc. (NYSE:V) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,878 shares of the credit-card processor’s stock after selling 56 shares during the quarter. Visa makes up about 1.5% of Armor Investment Advisors LLC’s holdings, making the stock its 19th biggest position. Armor Investment Advisors LLC’s holdings in Visa were worth $3,754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Mill Creek Capital Advisors LLC grew its holdings in shares of Visa by 52.3% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 6,952 shares of the credit-card processor’s stock worth $2,197,000 after buying an additional 2,387 shares during the last quarter. Summit Trail Advisors LLC lifted its position in Visa by 30.8% during the 4th quarter. Summit Trail Advisors LLC now owns 26,977 shares of the credit-card processor’s stock worth $8,526,000 after acquiring an additional 6,350 shares during the period. POM Investment Strategies LLC grew its stake in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Pachira Investments Inc. acquired a new position in shares of Visa in the fourth quarter valued at approximately $219,000. Finally, Paladin Wealth LLC raised its stake in shares of Visa by 39.9% during the fourth quarter. Paladin Wealth LLC now owns 3,851 shares of the credit-card processor’s stock worth $1,217,000 after purchasing an additional 1,099 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on V. BMO Capital Markets lifted their price objective on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird lifted their target price on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, UBS Group lifted their price objective on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $354.73.

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,056 shares of company stock valued at $19,830,050. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $351.43 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The firm has a market cap of $652.88 billion, a PE ratio of 35.43, a P/E/G ratio of 2.32 and a beta of 0.97. The firm has a 50 day simple moving average of $322.53 and a 200-day simple moving average of $297.52. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $352.12.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, equities analysts expect that Visa Inc. will post 11.27 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.