MassMutual Private Wealth & Trust FSB decreased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,942 shares of the credit-card processor's stock after selling 2,702 shares during the period. Visa comprises about 1.4% of MassMutual Private Wealth & Trust FSB's holdings, making the stock its 12th largest position. MassMutual Private Wealth & Trust FSB's holdings in Visa were worth $50,864,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of V. Evergreen Capital Management LLC grew its position in Visa by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 21,714 shares of the credit-card processor's stock worth $5,699,000 after buying an additional 582 shares in the last quarter. Farallon Capital Management LLC boosted its holdings in shares of Visa by 20.7% in the 2nd quarter. Farallon Capital Management LLC now owns 821,886 shares of the credit-card processor's stock worth $215,720,000 after purchasing an additional 141,036 shares in the last quarter. Tremblant Capital Group boosted its holdings in shares of Visa by 41.8% in the 2nd quarter. Tremblant Capital Group now owns 6,542 shares of the credit-card processor's stock worth $1,717,000 after purchasing an additional 1,930 shares in the last quarter. Samlyn Capital LLC purchased a new position in shares of Visa in the 2nd quarter worth about $25,413,000. Finally, Marshall Wace LLP boosted its holdings in shares of Visa by 927.4% in the 2nd quarter. Marshall Wace LLP now owns 890,739 shares of the credit-card processor's stock worth $233,792,000 after purchasing an additional 804,039 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.
Insider Activity
In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa 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 disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.
Visa Trading Up 0.2 %
Shares of V traded up $0.68 during mid-day trading on Wednesday, reaching $324.31. 2,997,574 shares of the company's stock traded hands, compared to its average volume of 5,517,379. The stock has a market cap of $604.16 billion, a P/E ratio of 33.33, a P/E/G ratio of 2.15 and a beta of 0.96. The stock's 50-day moving average is $313.86 and its two-hundred day moving average is $289.47. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $325.74. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.
Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the business earned $2.33 earnings per share. Visa's quarterly revenue was up 11.7% on a year-over-year basis. Research analysts forecast that Visa Inc. will post 11.2 earnings per share for the current fiscal year.
Visa Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is an increase from Visa's previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa's dividend payout ratio (DPR) is currently 24.25%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on V. Citigroup upped their price objective on Visa from $326.00 to $354.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Barclays boosted their target price on Visa from $319.00 to $347.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their target price on Visa from $325.00 to $360.00 and gave the company an "overweight" rating in a research note on Friday, January 3rd. TD Cowen boosted their target price on Visa from $318.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Oppenheimer boosted their target price on Visa from $321.00 to $375.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $332.81.
Get 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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