TD Private Client Wealth LLC cut its stake in Visa Inc. (NYSE:V - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,218 shares of the credit-card processor's stock after selling 3,271 shares during the quarter. TD Private Client Wealth LLC's holdings in Visa were worth $10,182,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of V. State Street Corp increased its stake in shares of Visa by 4.5% during the 3rd quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock worth $21,064,179,000 after purchasing an additional 3,327,977 shares during the last quarter. FMR LLC increased 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 worth $15,702,901,000 after buying an additional 3,265,518 shares during the last quarter. Geode Capital Management LLC increased its position in Visa by 7.7% during the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock worth $10,601,135,000 after buying an additional 2,772,549 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Visa by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor's stock valued at $3,868,646,000 after buying an additional 718,558 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Visa by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,597,969 shares of the credit-card processor's stock worth $3,188,862,000 after buying an additional 123,927 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Visa Price Performance
Shares of Visa stock traded up $1.08 during trading on Tuesday, hitting $344.95. 3,930,720 shares of the company's stock traded hands, compared to its average volume of 6,725,137. The company has a market cap of $640.84 billion, a PE ratio of 34.77, a PEG ratio of 2.33 and a beta of 0.95. The firm's fifty day moving average price is $341.23 and its 200 day moving average price is $313.75. Visa Inc. has a twelve month low of $252.70 and a twelve month 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 released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is 23.79%.
Insider Transactions at Visa
In other Visa news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction 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 owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the sale, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
V has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price objective on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Barclays lifted their price target on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a report on Thursday, February 13th. StockNews.com upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. Finally, William Blair reissued an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $353.96.
Read Our Latest Stock Report on V
About Visa
(
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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