Goldstream Capital Management Ltd Reduces Holdings in Visa Inc. (NYSE:V)

Goldstream Capital Management Ltd lowered its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 65.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,379 shares of the credit-card processor's stock after selling 2,556 shares during the period. Visa makes up about 0.1% of Goldstream Capital Management Ltd's holdings, making the stock its 23rd biggest position. Goldstream Capital Management Ltd's holdings in Visa were worth $436,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its holdings in shares of Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock valued at $29,242,000 after acquiring an additional 610 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Visa by 7.7% during the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock worth $1,576,366,000 after buying an additional 411,210 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of Visa in the third quarter valued at $69,000. Passumpsic Savings Bank grew its holdings in shares of Visa by 2.0% during the third quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor's stock valued at $2,512,000 after buying an additional 179 shares during the last quarter. Finally, Virtu Financial LLC increased its position in shares of Visa by 101.5% during the third quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor's stock worth $12,368,000 after acquiring an additional 22,658 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Price Performance

V stock traded up $1.51 during mid-day trading on Thursday, reaching $335.88. 8,049,334 shares of the company traded hands, compared to its average volume of 7,230,474. The company has a fifty day moving average price of $339.19 and a 200-day moving average price of $321.50. 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 Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a market capitalization of $623.99 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.33 and a beta of 0.94.

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 (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%. As a group, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on V. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a research note on Thursday, February 13th. William Blair restated an "outperform" rating on shares of Visa in a report on Friday, January 31st. StockNews.com cut shares of Visa from a "buy" rating to a "hold" rating in a research report on Wednesday, April 16th. The Goldman Sachs Group increased their price target on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Susquehanna reaffirmed a "positive" rating on shares of Visa in a research report on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $355.84.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. The trade was a 17.74 % 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 worth $48,842,490 over the last three months. 0.13% of the stock is owned by insiders.

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.