Visa Inc. (NYSE:V) Holdings Lowered by Symmetry Investments LP

Symmetry Investments LP lowered its stake in Visa Inc. (NYSE:V - Free Report) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,000 shares of the credit-card processor's stock after selling 2,000 shares during the quarter. Symmetry Investments LP's holdings in Visa were worth $7,585,000 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. Brasada Capital Management LP lifted its position in shares of Visa by 6.4% in the fourth quarter. Brasada Capital Management LP now owns 12,215 shares of the credit-card processor's stock worth $3,749,000 after purchasing an additional 736 shares in the last quarter. Ironvine Capital Partners LLC grew its position in shares of Visa by 0.3% in the fourth quarter. Ironvine Capital Partners LLC now owns 157,985 shares of the credit-card processor's stock valued at $49,930,000 after purchasing an additional 462 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Visa by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,545,924 shares of the credit-card processor's stock worth $1,120,654,000 after acquiring an additional 40,835 shares during the last quarter. MGO One Seven LLC grew its position in Visa by 19.8% in the 4th quarter. MGO One Seven LLC now owns 62,398 shares of the credit-card processor's stock worth $19,720,000 after purchasing an additional 10,307 shares during the last quarter. Finally, Dark Forest Capital Management LP increased its stake in Visa by 103.2% during the fourth quarter. Dark Forest Capital Management LP now owns 11,195 shares of the credit-card processor's stock valued at $3,538,000 after acquiring an additional 5,686 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Up 3.6 %

Shares of NYSE V opened at $331.74 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $616.30 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 2.33 and a beta of 0.94. The firm's fifty day moving average is $339.57 and its 200 day moving average is $321.41. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. Visa's dividend payout ratio (DPR) is currently 23.79%.

Insider Buying and Selling at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company's stock in a transaction on 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 transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly 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. Over the last ninety days, insiders sold 143,205 shares of company stock valued at $48,842,490. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on V. Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday, March 21st. Evercore ISI assumed coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. The Goldman Sachs Group increased their target price on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Wells Fargo & Company raised their price target on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, Barclays raised their price target on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Seven 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.com, Visa has an average rating of "Moderate Buy" and a consensus price target 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.

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