Quantbot Technologies LP Sells 37,049 Shares of Visa Inc. (NYSE:V)

Quantbot Technologies LP lowered its stake in Visa Inc. (NYSE:V - Free Report) by 54.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,220 shares of the credit-card processor's stock after selling 37,049 shares during the quarter. Quantbot Technologies LP's holdings in Visa were worth $8,584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. D.A. Davidson & CO. raised its stake in Visa by 0.6% during the 3rd quarter. D.A. Davidson & CO. now owns 351,371 shares of the credit-card processor's stock valued at $96,609,000 after purchasing an additional 2,068 shares during the period. FMR LLC raised its position in Visa by 6.1% during the third quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock valued at $15,702,901,000 after buying an additional 3,265,518 shares during the period. Qsemble Capital Management LP lifted its stake in Visa by 31.1% in the 3rd quarter. Qsemble Capital Management LP now owns 20,379 shares of the credit-card processor's stock worth $5,603,000 after acquiring an additional 4,829 shares in the last quarter. Acorn Wealth Advisors LLC acquired a new stake in Visa during the 3rd quarter worth about $749,000. Finally, Associated Banc Corp boosted its position in Visa by 2.9% during the 3rd quarter. Associated Banc Corp now owns 13,573 shares of the credit-card processor's stock worth $3,732,000 after acquiring an additional 381 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Friday, August 9th. Oppenheimer reissued an "outperform" rating and set a $321.00 target price (up previously from $318.00) on shares of Visa in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods upgraded Visa from a "moderate buy" rating to a "strong-buy" rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft boosted their price target on Visa from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada raised their price objective on shares of Visa from $311.00 to $322.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares of the company's stock, valued at approximately $148,687.06. The trade was a 94.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, 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 position. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Visa Stock Performance

Shares of NYSE V traded down $1.37 during trading hours on Tuesday, reaching $311.82. The stock had a trading volume of 7,071,224 shares, compared to its average volume of 6,993,693. The company has a market cap of $580.88 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 2.08 and a beta of 0.95. Visa Inc. has a twelve month low of $251.61 and a twelve month high of $314.50. The business's fifty day moving average is $289.96 and its two-hundred day moving average is $277.58. 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 released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts' consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $2.33 EPS. As a group, research analysts expect that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a $0.59 dividend. This is a positive change from Visa's previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Tuesday, November 12th. Visa's dividend payout ratio is currently 24.25%.

Visa Profile

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.