Rockefeller Capital Management L.P. Sells 73,490 Shares of Visa Inc. (NYSE:V)

Rockefeller Capital Management L.P. lessened its stake in Visa Inc. (NYSE:V - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,103,399 shares of the credit-card processor's stock after selling 73,490 shares during the quarter. Visa comprises approximately 0.9% of Rockefeller Capital Management L.P.'s holdings, making the stock its 15th biggest holding. Rockefeller Capital Management L.P. owned approximately 0.06% of Visa worth $348,584,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of V. Decker Retirement Planning Inc. acquired a new stake in Visa in the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa in the 4th quarter valued at $27,000. POM Investment Strategies LLC raised its position in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares during the last quarter. Modus Advisors LLC bought a new position in Visa in the fourth quarter worth $32,000. Finally, Compass Planning Associates Inc bought a new stake in Visa in the fourth quarter valued at about $32,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a report on Thursday, February 13th. Piper Sandler reissued an "overweight" rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, UBS Group boosted their price objective on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $355.84.

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Insider Transactions at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock valued at $48,842,490 over the last ninety days. Corporate insiders own 0.13% of the company's stock.

Visa Stock Performance

NYSE:V traded down $0.06 during mid-day trading on Wednesday, reaching $335.75. 2,426,287 shares of the stock were exchanged, compared to its average volume of 6,856,494. The company has a 50 day simple moving average of $341.89 and a 200-day simple moving average of $319.63. The stock has a market capitalization of $623.75 billion, a P/E ratio of 33.85, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data 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 net margin of 54.27% and a return on equity of 54.79%. Analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is 23.79%.

Visa Company 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.