Unigestion Holding SA Sells 76,055 Shares of Visa Inc. (NYSE:V)

Unigestion Holding SA lowered its stake in shares of Visa Inc. (NYSE:V - Free Report) by 31.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,316 shares of the credit-card processor's stock after selling 76,055 shares during the quarter. Visa accounts for 3.0% of Unigestion Holding SA's investment portfolio, making the stock its 4th largest holding. Unigestion Holding SA's holdings in Visa were worth $51,930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares during the period. Geode Capital Management LLC raised its stake in shares of Visa by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after acquiring an additional 1,689,926 shares in the last quarter. Norges Bank bought a new stake in Visa in the fourth quarter worth $5,171,271,000. Charles Schwab Investment Management Inc. boosted its holdings in Visa by 6.2% during the 4th 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 acquiring an additional 718,558 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of Visa by 1.8% in the fourth quarter. Fisher Asset Management LLC now owns 9,758,703 shares of the credit-card processor's stock worth $3,084,141,000 after purchasing an additional 173,990 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

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Visa Stock Performance

Visa stock traded down $9.34 during trading hours on Thursday, hitting $323.09. The stock had a trading volume of 4,619,196 shares, compared to its average volume of 7,263,230. The company has a market cap of $600.23 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a 50-day moving average of $343.06 and a two-hundred day moving average of $317.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week 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 earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS 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%. On average, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Tuesday, February 11th. Visa's payout ratio is currently 23.79%.

Insider Buying and Selling at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated Friday, February 7th. The shares were 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 owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at $4,054,500. This represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,842,490 in the last 90 days. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

V has been the topic of a number of research analyst reports. StockNews.com downgraded Visa from a "buy" rating to a "hold" rating in a report on Monday. Raymond James reiterated an "outperform" rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Piper Sandler restated 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. Finally, Bank of America raised their target price on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $355.84.

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.