Twin Capital Management Inc. lifted its stake in Visa Inc. (NYSE:V - Free Report) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,321 shares of the credit-card processor's stock after acquiring an additional 2,299 shares during the quarter. Visa makes up 0.8% of Twin Capital Management Inc.'s portfolio, making the stock its 17th biggest holding. Twin Capital Management Inc.'s holdings in Visa were worth $7,686,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Visa by 75.8% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 464 shares of the credit-card processor's stock valued at $147,000 after purchasing an additional 200 shares in the last quarter. Polymer Capital Management HK LTD bought a new position in Visa during the fourth quarter valued at about $316,000. Aristides Capital LLC raised its holdings in Visa by 12.1% during the fourth quarter. Aristides Capital LLC now owns 7,850 shares of the credit-card processor's stock valued at $2,481,000 after buying an additional 850 shares in the last quarter. Ashburton Jersey Ltd lifted its position in shares of Visa by 35.4% in the fourth quarter. Ashburton Jersey Ltd now owns 72,831 shares of the credit-card processor's stock worth $23,018,000 after buying an additional 19,057 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Visa by 2.2% during the 4th quarter. Federated Hermes Inc. now owns 582,195 shares of the credit-card processor's stock worth $183,997,000 after acquiring an additional 12,287 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. StockNews.com downgraded shares of Visa from a "buy" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group lifted their price objective on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $355.84.
View Our Latest Analysis on V
Visa Price Performance
Shares of V traded down $6.93 during trading hours on Thursday, hitting $325.51. The stock had a trading volume of 4,841,717 shares, compared to its average volume of 7,264,257. The stock has a market capitalization of $604.72 billion, a price-to-earnings ratio of 32.73, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company's fifty day moving average is $343.06 and its two-hundred day moving average is $317.96. 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 data 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, analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.
Visa Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.73%. Visa's payout ratio is 23.79%.
Insiders Place Their Bets
In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following 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 quarter, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by corporate insiders.
About Visa
(
Free Report)
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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