Jacobi Capital Management LLC Sells 353 Shares of Visa Inc. (NYSE:V)

Jacobi Capital Management LLC decreased its stake in shares of Visa Inc. (NYSE:V) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,249 shares of the credit-card processor’s stock after selling 353 shares during the period. Jacobi Capital Management LLC’s holdings in Visa were worth $4,819,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of V. Metis Global Partners LLC grew its holdings in Visa by 8.7% in the 4th quarter. Metis Global Partners LLC now owns 111,877 shares of the credit-card processor’s stock valued at $35,358,000 after buying an additional 8,917 shares in the last quarter. Noble Wealth Management PBC bought a new stake in shares of Visa in the fourth quarter valued at about $271,000. Fisher Asset Management LLC grew its stake in shares of Visa by 1.8% in the fourth quarter. Fisher Asset Management LLC now owns 9,758,703 shares of the credit-card processor’s stock valued at $3,084,141,000 after acquiring an additional 173,990 shares in the last quarter. Maripau Wealth Management LLC bought a new position in Visa during the fourth quarter worth about $621,000. Finally, Terril Brothers Inc. acquired a new stake in Visa in the 4th quarter worth about $275,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,885 shares of company stock worth $19,161,447. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

Visa stock opened at $363.33 on Monday. The business has a 50 day moving average of $333.03 and a 200-day moving average of $305.97. The company has a market capitalization of $674.99 billion, a P/E ratio of 36.63, a P/E/G ratio of 2.33 and a beta of 0.97. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $364.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (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, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

Analysts Set New Price Targets

A number of research analysts have issued reports on V shares. Raymond James restated an “outperform” rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Susquehanna upped their price objective on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research report on Friday, February 21st. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Visa 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.