Visa Inc. (NYSE:V) is Capital Group Private Client Services Inc.'s 9th Largest Position

Capital Group Private Client Services Inc. cut its holdings in Visa Inc. (NYSE:V - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 642,036 shares of the credit-card processor's stock after selling 81,026 shares during the period. Visa comprises 1.9% of Capital Group Private Client Services Inc.'s holdings, making the stock its 9th largest holding. Capital Group Private Client Services Inc.'s holdings in Visa were worth $202,909,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in V. Riverstone Advisors LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $217,000. Journey Strategic Wealth LLC increased its stake in shares of Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock valued at $3,058,000 after buying an additional 1,361 shares during the period. King Wealth Management Group lifted its stake in shares of Visa by 9.0% during the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after buying an additional 6,172 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Visa during the fourth quarter valued at $10,163,000. Finally, Copley Financial Group Inc. acquired a new stake in Visa during the 3rd quarter valued at approximately $616,000. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on V. UBS Group raised their target price on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, January 31st. The Goldman Sachs Group raised their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. StockNews.com downgraded shares of Visa from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. 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 company's stock. According to MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

Visa Price Performance

V traded down $2.07 on Friday, hitting $329.26. 5,640,095 shares of the company were exchanged, compared to its average volume of 7,224,873. The business's fifty day moving average is $340.68 and its 200 day moving average is $320.74. The firm has a market capitalization of $611.69 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data 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 return on equity of 54.79% and a net margin of 54.27%. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.72%. Visa's dividend payout ratio (DPR) is currently 23.79%.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents a 59.84 % 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 the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at $188,186.28. The trade was a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,205 shares of company stock worth $48,842,490. Insiders own 0.13% of the company's stock.

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.