MFA Wealth Advisors LLC Decreases Stake in Visa Inc. (NYSE:V)

MFA Wealth Advisors LLC lowered its position in Visa Inc. (NYSE:V) by 87.7% in the third quarter, Holdings Channel reports. The fund owned 1,966 shares of the credit-card processor’s stock after selling 14,029 shares during the period. MFA Wealth Advisors LLC’s holdings in Visa were worth $541,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. POM Investment Strategies LLC lifted its position in shares of Visa by 970.0% during the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after buying an additional 97 shares during the last quarter. TruNorth Capital Management LLC lifted its position in shares of Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after buying an additional 89 shares during the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of Visa by 52.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 133 shares of the credit-card processor’s stock worth $37,000 after buying an additional 46 shares during the last quarter. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Visa during the 2nd quarter worth approximately $35,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in shares of Visa during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

V has been the subject of several recent analyst reports. BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price objective for the company in a research report on Tuesday, September 3rd. Jefferies Financial Group reduced their price objective on shares of Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Macquarie reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Visa in a report on Friday, September 27th. Royal Bank of Canada cut their target price on shares of Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $322.00 target price on shares of Visa in a report on Wednesday, September 25th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $314.19.

Visa Price Performance

Shares of NYSE V opened at $283.22 on Friday. Visa Inc. has a 52 week low of $228.03 and a 52 week high of $293.07. The stock has a market cap of $517.99 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 1.96 and a beta of 0.96. The company’s 50-day moving average price is $278.40 and its 200 day moving average price is $273.10. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its quarterly 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. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. During the same period last year, the company earned $2.16 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, research analysts forecast that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Company 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.