King Luther Capital Management Corp Decreases Holdings in Visa Inc. (NYSE:V)

King Luther Capital Management Corp decreased its holdings in Visa Inc. (NYSE:V - Free Report) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 957,580 shares of the credit-card processor's stock after selling 9,403 shares during the quarter. Visa accounts for about 1.3% of King Luther Capital Management Corp's portfolio, making the stock its 17th largest holding. King Luther Capital Management Corp owned approximately 0.05% of Visa worth $302,634,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Citizens Financial Group Inc. RI lifted its position in shares of Visa by 5.2% during the 4th quarter. Citizens Financial Group Inc. RI now owns 101,289 shares of the credit-card processor's stock worth $32,011,000 after buying an additional 5,052 shares during the last quarter. Sage Mountain Advisors LLC boosted its position in Visa by 2.6% in the fourth quarter. Sage Mountain Advisors LLC now owns 13,378 shares of the credit-card processor's stock valued at $4,228,000 after buying an additional 339 shares in the last quarter. S&CO Inc. grew its stake in shares of Visa by 1.1% during the fourth quarter. S&CO Inc. now owns 15,835 shares of the credit-card processor's stock worth $5,004,000 after buying an additional 175 shares during the last quarter. Davis R M Inc. lifted its stake in shares of Visa by 0.6% in the 4th quarter. Davis R M Inc. now owns 285,779 shares of the credit-card processor's stock valued at $90,317,000 after acquiring an additional 1,749 shares during the last quarter. Finally, Clare Market Investments LLC acquired a new stake in shares of Visa during the 4th quarter valued at $897,000. Institutional investors own 82.15% of the company's stock.

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Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the business'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 transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,505 shares of company stock worth $22,290,507 in the last quarter. Insiders own 0.13% of the company's stock.

Visa Stock Performance

Shares of Visa stock traded up $0.32 during mid-day trading on Wednesday, hitting $332.46. 3,909,818 shares of the stock were exchanged, compared to its average volume of 6,361,095. The company has a market capitalization of $617.63 billion, a P/E ratio of 33.48, a P/E/G 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 company has a 50-day simple moving average of $337.01 and a 200 day simple moving average of $309.89. 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 announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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%. Sell-side 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. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on V shares. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. UBS Group upped their price target on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, William Blair restated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $353.96.

About Visa

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.