Omega Financial Group LLC Sells 44 Shares of Visa Inc. (NYSE:V)

Omega Financial Group LLC decreased its holdings in shares of Visa Inc. (NYSE:V) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,137 shares of the credit-card processor’s stock after selling 44 shares during the period. Omega Financial Group LLC’s holdings in Visa were worth $863,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Regal Investment Advisors LLC grew its holdings in Visa by 0.9% during the fourth quarter. Regal Investment Advisors LLC now owns 8,465 shares of the credit-card processor’s stock valued at $2,204,000 after purchasing an additional 79 shares during the period. Unigestion Holding SA grew its holdings in shares of Visa by 212.3% in the fourth quarter. Unigestion Holding SA now owns 197,686 shares of the credit-card processor’s stock worth $51,468,000 after purchasing an additional 134,391 shares during the last quarter. Cresset Asset Management LLC grew its stake in shares of Visa by 3.6% in the fourth quarter. Cresset Asset Management LLC now owns 290,095 shares of the credit-card processor’s stock worth $75,526,000 after purchasing an additional 10,136 shares during the last quarter. Keyes Stange & Wooten Wealth Management LLC purchased a new stake in shares of Visa in the 4th quarter worth about $254,000. Finally, Visionary Wealth Advisors raised its position in shares of Visa by 3.9% in the 4th quarter. Visionary Wealth Advisors now owns 4,685 shares of the credit-card processor’s stock worth $1,220,000 after acquiring an additional 177 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research analyst reports. TD Cowen reduced their target price on Visa from $320.00 to $318.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. JPMorgan Chase & Co. raised their price target on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Citigroup dropped their target price on shares of Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $312.04.

Visa Stock Down 1.5 %

Shares of V opened at $273.87 on Tuesday. Visa Inc. has a 52 week low of $228.03 and a 52 week high of $293.07. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock’s 50-day moving average price is $273.00 and its 200-day moving average price is $272.86. The company has a market capitalization of $500.89 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.92 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. The company had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.16 EPS. On average, sell-side analysts predict that Visa Inc. will post 9.92 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s payout ratio is 23.24%.

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.