CenterBook Partners LP Sells 17,247 Shares of Visa Inc. (NYSE:V)

CenterBook Partners LP trimmed its stake in shares of Visa Inc. (NYSE:V - Free Report) by 29.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,162 shares of the credit-card processor's stock after selling 17,247 shares during the period. Visa makes up 0.8% of CenterBook Partners LP's investment portfolio, making the stock its 24th largest holding. CenterBook Partners LP's holdings in Visa were worth $13,009,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in V. Vanguard Group Inc. boosted its position in Visa by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after purchasing an additional 7,079,706 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Visa by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after purchasing an additional 1,689,926 shares during the period. Norges Bank purchased a new position in shares of Visa in the fourth quarter worth approximately $5,171,271,000. Charles Schwab Investment Management Inc. grew its position in Visa by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor's stock valued at $3,868,646,000 after buying an additional 718,558 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in Visa by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 9,758,703 shares of the credit-card processor's stock valued at $3,084,141,000 after buying an additional 173,990 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

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Visa Price Performance

Shares of NYSE:V traded up $9.08 during mid-day trading on Friday, reaching $333.69. The stock had a trading volume of 6,802,196 shares, compared to its average volume of 7,274,529. The business's 50 day moving average price is $342.40 and its 200 day moving average price is $319.09. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a market cap of $619.91 billion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. 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 quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.71%. Visa's dividend payout ratio (DPR) is currently 23.79%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at $188,186.28. The trade was a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares of the company's stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock valued at $48,842,490 in the last three months. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on V. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Citigroup reissued a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Bank of America raised their price objective on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Susquehanna reiterated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Finally, UBS Group increased their target price on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Visa presently 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.