Visa Inc. (NYSE:V) is Alliancebernstein L.P.'s 6th Largest Position

Alliancebernstein L.P. trimmed its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,243,393 shares of the credit-card processor's stock after selling 854,788 shares during the quarter. Visa accounts for about 2.4% of Alliancebernstein L.P.'s portfolio, making the stock its 6th largest position. Alliancebernstein L.P. owned approximately 1.20% of Visa worth $7,029,802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of V. Norges Bank acquired a new position in shares of Visa in the 4th quarter valued at $5,171,271,000. Vanguard Group Inc. increased its position in shares of Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after purchasing an additional 7,079,706 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Visa in the fourth quarter valued at about $1,955,403,000. Proficio Capital Partners LLC raised its holdings in Visa by 17,018.7% in the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock valued at $1,248,079,000 after acquiring an additional 3,926,049 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Visa by 4.5% in 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 acquiring an additional 3,327,977 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

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Visa Stock Performance

Shares of V traded down $3.66 during mid-day trading on Tuesday, reaching $346.80. 7,467,586 shares of the company's stock were exchanged, compared to its average volume of 7,153,002. The business's fifty day simple moving average is $344.22 and its 200-day simple moving average is $315.95. The stock has a market capitalization of $644.28 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. Visa Inc. has a 52-week low of $252.70 and a 52-week 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 announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. 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 dividend payout ratio (DPR) is presently 23.79%.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,560,961 over the last three months. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Raymond James reissued an "outperform" rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research note on Thursday, February 13th. The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Bank of America increased their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Piper Sandler reissued an "overweight" rating and issued a $383.00 target price (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.