DnB Asset Management AS lessened its stake in Visa Inc. (NYSE:V - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,086,216 shares of the credit-card processor's stock after selling 407,040 shares during the quarter. Visa comprises about 2.9% of DnB Asset Management AS's holdings, making the stock its 7th largest holding. DnB Asset Management AS owned 0.11% of Visa worth $659,328,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Level Four Advisory Services LLC increased its position in Visa by 2.2% during the fourth quarter. Level Four Advisory Services LLC now owns 41,521 shares of the credit-card processor's stock worth $13,123,000 after purchasing an additional 898 shares during the last quarter. Vertex Planning Partners LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $252,000. Slagle Financial LLC increased its holdings in shares of Visa by 5.2% during the 4th quarter. Slagle Financial LLC now owns 6,822 shares of the credit-card processor's stock worth $2,156,000 after buying an additional 338 shares during the last quarter. denkapparat Operations GmbH acquired a new position in Visa in the fourth quarter valued at approximately $633,000. Finally, Premier Fund Managers Ltd grew its position in Visa by 3.2% in the fourth quarter. Premier Fund Managers Ltd now owns 309,251 shares of the credit-card processor's stock worth $97,558,000 after acquiring an additional 9,641 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.
Visa Stock Performance
Shares of Visa stock traded up $2.49 on Monday, reaching $345.34. 3,274,973 shares of the stock were exchanged, compared to its average volume of 7,125,580. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $641.57 billion, a PE ratio of 34.83, a PEG ratio of 2.33 and a beta of 0.95. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The business has a fifty day moving average price of $343.60 and a two-hundred day moving average price of $315.49.
Visa (NYSE:V - Get Free Report) last issued its 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%. As a group, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Dividend Announcement
The business also recently announced 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 of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa's payout ratio is currently 23.79%.
Insider Transactions at Visa
In other news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at $8,991,249.33. The trade was a 59.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction 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 directly owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock valued at $48,560,961 in the last ninety days. 0.13% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. William Blair restated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their price target on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Morgan Stanley upped their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company lifted their target price on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.
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Visa Company Profile
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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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