Groupama Asset Managment Sells 12,928 Shares of Visa Inc. (NYSE:V)

Groupama Asset Managment cut its holdings in Visa Inc. (NYSE:V - Free Report) by 18.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,335 shares of the credit-card processor's stock after selling 12,928 shares during the period. Groupama Asset Managment's holdings in Visa were worth $18,080,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Hirtle Callaghan & Co LLC raised its stake in shares of Visa by 1.3% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after purchasing an additional 29 shares during the last quarter. Elevation Wealth Partners LLC raised its position in Visa by 3.3% in the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after buying an additional 30 shares during the last quarter. Warther Private Wealth LLC lifted its stake in Visa by 1.0% during the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after acquiring an additional 30 shares during the period. Valmark Advisers Inc. boosted its holdings in shares of Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock valued at $2,292,000 after acquiring an additional 30 shares during the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. grew its stake in shares of Visa by 0.4% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock worth $2,302,000 after acquiring an additional 30 shares during the period. Institutional investors own 82.15% of the company's stock.

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Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the company'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 value 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,585 shares of company stock valued at $45,821,697. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research reports. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Wells Fargo & Company increased their target price on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Barclays boosted their price target on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. UBS Group increased their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Finally, Bank of America boosted their target price 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. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $355.84.

Visa Price Performance

V stock traded down $7.19 during mid-day trading on Thursday, hitting $339.14. The company had a trading volume of 8,781,257 shares, compared to its average volume of 7,162,806. The company has a 50-day moving average price of $345.14 and a 200 day moving average price of $316.58. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a market capitalization of $630.04 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 2.33 and a beta of 0.94. 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 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

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

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.