Capital Research Global Investors Purchases 4,836 Shares of Visa Inc. (NYSE:V)

Capital Research Global Investors grew its holdings in Visa Inc. (NYSE:V - Free Report) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 707,582 shares of the credit-card processor's stock after acquiring an additional 4,836 shares during the quarter. Capital Research Global Investors' holdings in Visa were worth $223,624,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Hirtle Callaghan & Co LLC increased its position in Visa by 1.3% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after buying an additional 29 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in Visa by 3.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after purchasing an additional 30 shares during the period. Warther Private Wealth LLC boosted its stake in shares of Visa by 1.0% in the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after purchasing an additional 30 shares during the period. Valmark Advisers Inc. grew its stake in Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock valued at $2,292,000 after purchasing an additional 30 shares in the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. grew its position in shares of Visa by 0.4% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock worth $2,302,000 after buying an additional 30 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,842,490 over the last three months. Insiders own 0.13% of the company's stock.

Visa Trading Up 0.4 %

Shares of Visa stock traded up $1.25 during trading hours on Thursday, hitting $335.62. The company's stock had a trading volume of 2,063,536 shares, compared to its average volume of 6,825,324. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $623.50 billion, a PE ratio of 33.84, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The stock has a 50 day moving average of $339.19 and a 200 day moving average of $321.50. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Piper Sandler reaffirmed an "overweight" rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Citigroup reaffirmed a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Raymond James reaffirmed an "outperform" rating and issued a $393.00 price objective (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $355.84.

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.