Csenge Advisory Group Trims Stock Position in Visa Inc. (NYSE:V)

Csenge Advisory Group decreased its holdings in Visa Inc. (NYSE:V - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,485 shares of the credit-card processor's stock after selling 1,629 shares during the period. Csenge Advisory Group's holdings in Visa were worth $4,578,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Decker Retirement Planning Inc. bought a new position in shares of Visa in the fourth quarter worth about $26,000. Peterson Financial Group Inc. bought a new position in shares of Visa in the third quarter worth about $26,000. POM Investment Strategies LLC boosted its stake in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after acquiring an additional 32 shares during the period. Modus Advisors LLC bought a new position in shares of Visa in the fourth quarter worth about $32,000. Finally, Reston Wealth Management LLC bought a new position in shares of Visa in the third quarter worth about $31,000. Institutional investors own 82.15% of the company's stock.

Visa Trading Down 0.6 %

Shares of NYSE V traded down $2.22 during midday trading on Friday, hitting $348.27. The company's stock had a trading volume of 6,910,504 shares, compared to its average volume of 5,753,988. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $357.15. The firm has a market cap of $647.01 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The business's 50 day moving average is $328.47 and its two-hundred day moving average is $301.39. 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 announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) 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%. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio (DPR) is currently 23.79%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on V shares. Morgan Stanley upped their price objective on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. BMO Capital Markets boosted their target price on Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Piper Sandler reiterated an "overweight" rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Bank of America boosted their target price on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus target price of $355.31.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares in the company, 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 have sold a total of 55,885 shares of company stock valued at $19,161,447 over the last quarter. 0.13% of the stock is owned by corporate insiders.

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.