Visa Inc. (NYSE:V) Shares Sold by One Capital Management LLC

One Capital Management LLC cut its holdings in Visa Inc. (NYSE:VFree Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,876 shares of the credit-card processor’s stock after selling 1,227 shares during the period. One Capital Management LLC’s holdings in Visa were worth $11,423,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SP Asset Management LLC raised its stake in Visa by 3.9% during the 4th quarter. SP Asset Management LLC now owns 20,232 shares of the credit-card processor’s stock valued at $5,267,000 after acquiring an additional 765 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Visa by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,796,353 shares of the credit-card processor’s stock worth $1,769,439,000 after purchasing an additional 344,364 shares during the period. QRG Capital Management Inc. grew its position in Visa by 7.1% in the 4th quarter. QRG Capital Management Inc. now owns 200,296 shares of the credit-card processor’s stock valued at $52,147,000 after buying an additional 13,295 shares during the last quarter. Invst LLC increased its stake in Visa by 2.4% in the 4th quarter. Invst LLC now owns 3,735 shares of the credit-card processor’s stock valued at $1,034,000 after buying an additional 86 shares during the period. Finally, Jump Financial LLC raised its position in Visa by 2,061.8% during the 4th quarter. Jump Financial LLC now owns 24,277 shares of the credit-card processor’s stock worth $6,321,000 after buying an additional 23,154 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Down 0.5 %

Shares of V stock traded down $1.34 during trading hours on Monday, hitting $279.40. 2,457,020 shares of the company were exchanged, compared to its average volume of 5,949,409. The stock has a market capitalization of $511.01 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 1.92 and a beta of 0.95. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The business’s 50-day simple moving average is $277.51 and its two-hundred day simple moving average is $267.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the business posted $2.09 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Sell-side analysts predict that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Activity at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on V shares. Keefe, Bruyette & Woods raised their price objective on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Evercore ISI lifted their price target on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Oppenheimer upped their price target on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Macquarie lifted their price objective on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Royal Bank of Canada upped their target price on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.76.

Check Out Our Latest Analysis on V

Visa 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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Institutional Ownership by Quarter for Visa (NYSE:V)

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