Arvin Capital Management LP Lowers Position in Visa Inc. (NYSE:V)

Arvin Capital Management LP decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,619 shares of the credit-card processor's stock after selling 1,540 shares during the quarter. Visa makes up 2.0% of Arvin Capital Management LP's holdings, making the stock its 20th biggest position. Arvin Capital Management LP's holdings in Visa were worth $7,149,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SIH Partners LLLP acquired a new stake in Visa during the 4th quarter worth approximately $1,172,000. ClearAlpha Technologies LP acquired a new stake in shares of Visa during the fourth quarter worth $261,000. Soros Capital Management LLC boosted its position in shares of Visa by 53.8% in the fourth quarter. Soros Capital Management LLC now owns 12,467 shares of the credit-card processor's stock valued at $3,940,000 after acquiring an additional 4,360 shares during the period. Fayez Sarofim & Co grew its stake in shares of Visa by 3.3% in the fourth quarter. Fayez Sarofim & Co now owns 3,397,604 shares of the credit-card processor's stock valued at $1,084,482,000 after acquiring an additional 108,121 shares in the last quarter. Finally, Canal Capital Management LLC raised its stake in Visa by 0.8% in the 4th quarter. Canal Capital Management LLC now owns 19,949 shares of the credit-card processor's stock worth $6,305,000 after purchasing an additional 161 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Trading Down 0.1 %

Shares of V traded down $0.21 during trading hours on Friday, hitting $335.50. 4,451,694 shares of the stock were exchanged, compared to its average volume of 7,213,127. The firm has a market capitalization of $623.28 billion, a P/E ratio of 33.82, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. 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 Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The business has a 50-day moving average of $338.83 and a 200-day moving average of $321.93.

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

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. Visa's dividend payout ratio is currently 23.79%.

Analysts Set New Price Targets

Several brokerages have recently commented on V. Raymond James reaffirmed an "outperform" rating and set a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Susquehanna reiterated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Citigroup reaffirmed a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Evercore ISI began coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus target price of $358.17.

Insider Activity at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on 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 completion of the sale, the insider now owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. The trade was a 94.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock worth $48,842,490 in the last quarter. Company insiders own 0.13% of the company's stock.

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.