Visa Inc. $V Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its stake in shares of Visa Inc. (NYSE:V) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 465,081 shares of the credit-card processor’s stock after selling 46,616 shares during the quarter. ProShare Advisors LLC’s holdings in Visa were worth $158,769,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of V. Harbor Asset Planning Inc. purchased a new stake in Visa during the 2nd quarter worth $29,000. Sagard Holdings Management Inc. acquired a new stake in shares of Visa during the second quarter valued at about $31,000. Bare Financial Services Inc increased its position in shares of Visa by 287.0% during the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 66 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Visa during the second quarter worth about $36,000. Finally, Quaker Wealth Management LLC lifted its stake in shares of Visa by 202.7% in the second quarter. Quaker Wealth Management LLC now owns 114 shares of the credit-card processor’s stock worth $40,000 after acquiring an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Visa stock opened at $331.82 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The company has a fifty day moving average price of $338.50 and a two-hundred day moving average price of $340.77. The company has a market cap of $602.31 billion, a PE ratio of 31.13, a P/E/G ratio of 1.90 and a beta of 0.79.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. Visa had a net margin of 50.23% and a return on equity of 61.74%. The company had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period last year, the firm posted $2.75 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s dividend payout ratio is 25.14%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the transaction, the chief executive officer directly owned 9,401 shares in the company, valued at $3,282,641.18. This represents a 52.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the completion of the sale, the insider owned 26,413 shares in the company, valued at $8,608,789.09. The trade was a 7.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

V has been the topic of several analyst reports. Daiwa America upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Robert W. Baird set a $425.00 price target on shares of Visa in a research report on Wednesday, October 29th. Rothschild & Co Redburn set a $385.00 price target on shares of Visa in a report on Wednesday, January 28th. Evercore set a $380.00 price objective on shares of Visa in a research note on Friday, December 12th. Finally, HSBC raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $392.29.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.