American Financial Network Advisory Services LLC Trims Holdings in Visa Inc (V)

American Financial Network Advisory Services LLC lowered its position in Visa Inc (NYSE:V) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,122 shares of the credit-card processor’s stock after selling 946 shares during the period. American Financial Network Advisory Services LLC’s holdings in Visa were worth $940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Visa by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after buying an additional 640,593 shares during the period. Vanguard Group Inc lifted its position in shares of Visa by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after buying an additional 640,593 shares during the period. BlackRock Inc. lifted its position in shares of Visa by 0.8% during the 3rd quarter. BlackRock Inc. now owns 122,485,390 shares of the credit-card processor’s stock worth $18,383,832,000 after buying an additional 936,305 shares during the period. FMR LLC lifted its position in shares of Visa by 1.7% during the 3rd quarter. FMR LLC now owns 86,917,222 shares of the credit-card processor’s stock worth $13,045,406,000 after buying an additional 1,450,809 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Visa by 11,319.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock worth $656,000 after buying an additional 85,811,983 shares during the period. Institutional investors own 81.42% of the company’s stock.

In other news, SVP James H. Hoffmeister sold 6,480 shares of Visa stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total value of $978,480.00. Following the completion of the sale, the senior vice president now directly owns 6,480 shares of the company’s stock, valued at approximately $978,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William M. Sheedy sold 75,676 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $165.24, for a total value of $12,504,702.24. Following the completion of the transaction, the executive vice president now owns 300,114 shares in the company, valued at $49,590,837.36. The disclosure for this sale can be found here. Insiders sold a total of 188,202 shares of company stock valued at $29,962,762 over the last three months. Insiders own 0.17% of the company’s stock.

V stock opened at $163.47 on Tuesday. Visa Inc has a fifty-two week low of $121.60 and a fifty-two week high of $165.74. The firm has a market cap of $327.53 billion, a P/E ratio of 35.46, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last released its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.07. The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Visa had a return on equity of 40.56% and a net margin of 51.34%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $1.11 EPS. As a group, equities research analysts expect that Visa Inc will post 5.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. Visa’s dividend payout ratio (DPR) is currently 21.69%.

Several equities analysts recently commented on the company. Robert W. Baird set a $182.00 target price on Visa and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating in a research report on Monday. Jefferies Financial Group raised their target price on Visa from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Wedbush raised their target price on Visa from $150.00 to $162.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Finally, Goldman Sachs Group restated a “buy” rating and set a $188.00 target price on shares of Visa in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $177.67.

COPYRIGHT VIOLATION NOTICE: This story was originally published by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://www.baseballdailydigest.com/news/2019/05/21/american-financial-network-advisory-services-llc-trims-holdings-in-visa-inc-v.html.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Further Reading: Institutional Investors

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.