Visa Inc. (NYSE:V) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,457,028 shares of the credit-card processor's stock after selling 101,971 shares during the period. Visa makes up about 0.6% of Prudential Financial Inc.'s holdings, making the stock its 22nd biggest position. Prudential Financial Inc. owned approximately 0.08% of Visa worth $460,479,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in Visa during the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC grew its holdings in shares of Visa by 48.5% in the 4th 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 purchased a new position in Visa in the 4th quarter valued at approximately $32,000. Finally, Compass Planning Associates Inc acquired a new position in Visa during the fourth quarter worth $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is currently owned by company insiders.

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Visa Trading Up 0.3 %

NYSE:V traded up $1.08 during trading hours on Tuesday, reaching $344.95. 3,930,720 shares of the company were exchanged, compared to its average volume of 6,717,931. The firm has a market cap of $640.84 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 2.33 and a beta of 0.95. The stock has a 50 day simple moving average of $341.94 and a 200 day simple moving average of $314.21. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

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 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, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on V shares. Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday. Piper Sandler reiterated an "overweight" rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a research report on Friday, January 31st. William Blair restated an "outperform" rating on shares of Visa in a report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Citigroup reiterated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Six investment 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.