Visa Inc. (NYSE:V) Stake Decreased by AIA Group Ltd

AIA Group Ltd cut its stake in Visa Inc. (NYSE:V - Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 254,475 shares of the credit-card processor's stock after selling 3,860 shares during the period. Visa comprises approximately 1.9% of AIA Group Ltd's portfolio, making the stock its 7th largest position. AIA Group Ltd's holdings in Visa were worth $80,424,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in V. Decker Retirement Planning Inc. bought a new stake in Visa in the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Visa in the fourth quarter valued at about $27,000. POM Investment Strategies LLC raised its stake in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Visa in the fourth quarter worth about $32,000. Finally, Compass Planning Associates Inc purchased a new position in Visa during the 4th quarter valued at about $32,000. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. This trade represents a 59.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,205 shares of company stock valued at $48,560,961. Corporate insiders own 0.13% of the company's stock.

Remove Ads

Visa Stock Performance

Visa stock traded down $3.66 during midday trading on Tuesday, hitting $346.80. The stock had a trading volume of 7,467,586 shares, compared to its average volume of 7,153,002. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a market capitalization of $644.28 billion, a PE ratio of 34.96, a P/E/G ratio of 2.33 and a beta of 0.95. The firm's fifty day moving average is $344.22 and its two-hundred day moving average is $315.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analysts Forecast Growth

V has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday, March 21st. Wells Fargo & Company upped their target price on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Barclays lifted their price target on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $355.84.

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.