Edmond DE Rothschild Holding S.A. lowered its stake in shares of Visa Inc. (NYSE:V - Free Report) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,930 shares of the credit-card processor's stock after selling 17,452 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Visa were worth $41,379,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. 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 during the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of 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 acquiring an additional 30 shares during the period. Warther Private Wealth LLC increased its holdings in shares of Visa by 1.0% during the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock worth $928,000 after acquiring an additional 30 shares during the last quarter. Valmark Advisers Inc. lifted its holdings 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 during the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. lifted its holdings in Visa by 0.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock valued at $2,302,000 after purchasing an additional 30 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective 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 increased their price target on shares of Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Bank of America boosted their price objective on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Citigroup reiterated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Finally, StockNews.com upgraded Visa from a "hold" rating to a "buy" rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and an average target price of $355.84.
View Our Latest Research Report on V
Visa Price Performance
Shares of Visa stock traded down $3.66 during midday trading on Tuesday, hitting $346.80. 7,467,586 shares of the company traded hands, compared to its average volume of 7,153,002. The stock has a market cap of $644.28 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 2.33 and a beta of 0.95. 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 firm's fifty day moving average price is $344.22 and its 200-day moving average price is $315.95. 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 earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 0.68%. Visa's dividend payout ratio is presently 23.79%.
Insider Buying and Selling at Visa
In related news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is currently owned by insiders.
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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