Visa Inc. (NYSE:V) Position Reduced by Guinness Atkinson Asset Management Inc

Guinness Atkinson Asset Management Inc lowered its holdings in Visa Inc. (NYSE:V - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,966 shares of the credit-card processor's stock after selling 1,594 shares during the period. Visa makes up about 3.7% of Guinness Atkinson Asset Management Inc's holdings, making the stock its 8th biggest position. Guinness Atkinson Asset Management Inc's holdings in Visa were worth $7,258,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Decker Retirement Planning Inc. purchased a new position in Visa in the 4th quarter worth approximately $26,000. Peterson Financial Group Inc. purchased a new position in Visa in the third quarter worth $26,000. Modus Advisors LLC bought a new position in Visa in the fourth quarter valued at $32,000. Reston Wealth Management LLC purchased a new stake in Visa during the third quarter valued at about $31,000. Finally, West Financial Advisors LLC lifted its stake in Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor's stock worth $40,000 after purchasing an additional 73 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Visa Trading Down 0.0 %

Shares of V traded down $0.09 during trading hours on Wednesday, reaching $323.55. 5,010,700 shares of the company traded hands, compared to its average volume of 5,689,813. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $325.74. The stock's fifty day moving average price is $313.86 and its 200 day moving average price is $289.47. The firm has a market cap of $602.73 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.15 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.33 EPS. Sell-side analysts forecast that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from Visa's previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.73%. Visa's dividend payout ratio (DPR) is currently 24.25%.

Analysts Set New Price Targets

V has been the topic of several research reports. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Piper Sandler increased their price objective on Visa from $319.00 to $322.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Macquarie upped their price target on shares of Visa from $300.00 to $335.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Monness Crespi & Hardt reaffirmed a "neutral" rating on shares of Visa in a research note on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Visa from $300.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus target price of $332.81.

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.