Visa Inc. (NYSE:V) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lowered its stake in Visa Inc. (NYSE:V) by 6.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 156,159 shares of the credit-card processor’s stock after selling 10,880 shares during the quarter. Visa accounts for about 0.7% of Congress Wealth Management LLC DE’s portfolio, making the stock its 28th biggest holding. Congress Wealth Management LLC DE’s holdings in Visa were worth $49,353,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Riverstone Advisors LLC purchased a new position in Visa in the 4th quarter valued at $217,000. Journey Strategic Wealth LLC raised its position in shares of Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after buying an additional 1,361 shares during the last quarter. King Wealth Management Group lifted its stake in shares of Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock worth $23,663,000 after buying an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Visa during the fourth quarter worth about $10,163,000. Finally, Copley Financial Group Inc. purchased a new stake in Visa during the 3rd quarter valued at about $616,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of NYSE:V opened at $336.51 on Monday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The firm has a market capitalization of $625.15 billion, a P/E ratio of 33.92, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company’s fifty day moving average price is $340.48 and its 200 day moving average price is $313.29.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on V shares. Oppenheimer restated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a report on Thursday, February 13th. UBS Group upped their price objective on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

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.