Comgest Global Investors S.A.S. trimmed its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,133,334 shares of the credit-card processor's stock after selling 21,556 shares during the period. Visa makes up 5.9% of Comgest Global Investors S.A.S.'s investment portfolio, making the stock its 5th largest holding. Comgest Global Investors S.A.S. owned about 0.06% of Visa worth $358,179,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Hirtle Callaghan & Co LLC lifted its holdings in shares of Visa by 1.3% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after purchasing an additional 29 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in shares of Visa by 3.3% during the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock valued at $297,000 after purchasing an additional 30 shares during the last quarter. Warther Private Wealth LLC raised its holdings in shares of Visa by 1.0% during 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 last quarter. Valmark Advisers Inc. lifted its holdings in shares of 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 buying an additional 30 shares during the period. Finally, Strategic Family Wealth Counselors L.L.C. boosted its holdings in shares of Visa by 0.4% in 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 during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.
Visa Stock Performance
Shares of V stock traded up $0.70 during mid-day trading on Tuesday, hitting $335.88. 4,383,107 shares of the stock were exchanged, compared to its average volume of 7,242,081. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $623.98 billion, a price-to-earnings ratio of 33.86, a P/E/G ratio of 2.33 and a beta of 0.94. The stock's fifty day simple moving average is $341.89 and its two-hundred day simple moving average is $319.63.
Visa (NYSE:V - Get Free Report) last released its quarterly earnings results 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%. On average, analysts forecast that Visa Inc. will post 11.3 EPS for the current year.
Visa Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 annualized dividend and a yield of 0.70%. Visa's dividend payout ratio (DPR) is 23.79%.
Insider Buying and Selling
In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction 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 $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 worth $48,842,490 in the last 90 days. Company insiders own 0.13% of the company's stock.
Analyst Ratings Changes
V has been the topic of several recent analyst reports. Barclays lifted their target price on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Raymond James restated an "outperform" rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, Bank of America increased their target price on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and an average target price of $355.84.
Check Out Our Latest Stock Analysis on V
Visa Company Profile
(
Free Report)
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.
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