Boston Family Office LLC cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 138,872 shares of the credit-card processor's stock after selling 1,862 shares during the quarter. Visa makes up approximately 3.0% of Boston Family Office LLC's portfolio, making the stock its 4th biggest position. Boston Family Office LLC's holdings in Visa were worth $43,889,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Visa by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock valued at $12,729,901,000 after acquiring an additional 1,689,926 shares during the period. Nemes Rush Group LLC boosted its stake in Visa by 9.0% during the 4th quarter. Nemes Rush Group LLC now owns 35,606 shares of the credit-card processor's stock worth $11,253,000 after purchasing an additional 2,942 shares during the period. StoneX Group Inc. purchased a new position in Visa during the 4th quarter worth $7,688,000. Tradewinds LLC. raised its holdings in shares of Visa by 4.2% in the fourth quarter. Tradewinds LLC. now owns 25,508 shares of the credit-card processor's stock valued at $8,918,000 after buying an additional 1,038 shares during the last quarter. Finally, Roundview Capital LLC boosted its holdings in shares of Visa by 6.5% in the fourth quarter. Roundview Capital LLC now owns 45,145 shares of the credit-card processor's stock valued at $14,268,000 after acquiring an additional 2,767 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Visa
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $2,930,800.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were 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 in the company, valued at $4,054,500. This represents a 17.74 % 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 worth $48,842,490. Insiders own 0.13% of the company's stock.
Visa Stock Performance
Shares of NYSE V traded down $17.24 during trading hours on Friday, hitting $322.15. 5,188,983 shares of the company's stock were exchanged, compared to its average volume of 7,166,807. The stock has a market capitalization of $598.49 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 2.33 and a beta of 0.94. The company's 50-day moving average price is $345.36 and its 200-day moving average price is $316.73. 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 1-year low of $252.70 and a 1-year high of $366.54.
Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal 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%.
Analyst Ratings Changes
Several equities analysts recently weighed in on V shares. JPMorgan Chase & Co. raised their price objective on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Citigroup reaffirmed a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Wells Fargo & Company boosted their price target on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Piper Sandler restated an "overweight" rating and set a $383.00 target price (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Finally, StockNews.com raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Friday, March 28th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $355.84.
Check Out Our Latest Analysis on V
Visa Company Profile
(
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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