Boston Financial Mangement LLC Has $81.94 Million Stock Holdings in Visa Inc. (NYSE:V)

Boston Financial Mangement LLC cut its holdings in shares of Visa Inc. (NYSE:V) by 0.4% during the fourth quarter, Holdings Channel reports. The fund owned 259,276 shares of the credit-card processor’s stock after selling 959 shares during the quarter. Visa comprises about 2.5% of Boston Financial Mangement LLC’s holdings, making the stock its 7th biggest holding. Boston Financial Mangement LLC’s holdings in Visa were worth $81,942,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in V. Peterson Financial Group Inc. bought a new stake in shares of Visa during the third quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in Visa during the 4th quarter worth approximately $26,000. Reston Wealth Management LLC bought a new stake in Visa in the 3rd quarter valued at $31,000. POM Investment Strategies LLC boosted its stake in 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 period. Finally, Modus Advisors LLC acquired a new position in Visa in the 4th quarter valued at $32,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.6 %

NYSE V opened at $348.27 on Friday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $357.15. The business’s fifty day moving average is $329.14 and its 200 day moving average is $302.34. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $647.01 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts’ consensus estimates 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 expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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

Wall Street Analysts Forecast Growth

V has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. TD Cowen increased their target price on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. UBS Group lifted their price target on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets increased their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. 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. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $353.96.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This represents a 17.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The stock was 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 of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,885 shares of company stock worth $19,161,447 over the last three months. Company insiders own 0.13% 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.