Bristol Gate Capital Partners Inc. decreased its position in Visa Inc. (NYSE:V - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310,421 shares of the credit-card processor's stock after selling 2,993 shares during the quarter. Visa comprises approximately 4.8% of Bristol Gate Capital Partners Inc.'s holdings, making the stock its 5th largest position. Bristol Gate Capital Partners Inc.'s holdings in Visa were worth $98,105,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of V. Vanguard Group Inc. boosted its stake in shares of Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Visa by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after purchasing an additional 1,689,926 shares during the period. Norges Bank purchased a new stake in shares of Visa during the fourth quarter valued at $5,171,271,000. Charles Schwab Investment Management Inc. boosted its position in shares of Visa by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor's stock valued at $3,868,646,000 after purchasing an additional 718,558 shares during the period. Finally, Fisher Asset Management LLC increased its stake in Visa by 1.8% in the 4th quarter. Fisher Asset Management LLC now owns 9,758,703 shares of the credit-card processor's stock worth $3,084,141,000 after purchasing an additional 173,990 shares in the last quarter. Institutional investors own 82.15% of the company's stock.
Analysts Set New Price Targets
A number of analysts have commented on the stock. StockNews.com lowered shares of Visa from a "buy" rating to a "hold" rating in a research note on Monday. Bank of America upped their price target on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. The Goldman Sachs Group increased their target price on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Piper Sandler reaffirmed 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. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $355.84.
Read Our Latest Report on V
Insider Activity at Visa
In other news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,991,249.33. This trade represents a 59.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were 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 owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is owned by insiders.
Visa Stock Down 2.7 %
Shares of NYSE:V traded down $8.92 on Thursday, reaching $323.51. The company had a trading volume of 4,619,196 shares, compared to its average volume of 7,263,304. The stock has a market capitalization of $601.01 billion, a P/E ratio of 32.47, a P/E/G ratio of 2.33 and a beta of 0.94. The stock has a 50-day moving average price of $343.06 and a 200 day moving average price of $317.96. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.
Visa (NYSE:V - Get Free Report) last posted 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 return on equity of 54.79% and a net margin of 54.27%. On average, equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.
Visa Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.
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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