Geo Capital Gestora de Recursos Ltd Sells 17,106 Shares of Visa Inc. (NYSE:V)

Geo Capital Gestora de Recursos Ltd reduced its stake in shares of Visa Inc. (NYSE:V) by 54.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,109 shares of the credit-card processor’s stock after selling 17,106 shares during the quarter. Visa accounts for 5.8% of Geo Capital Gestora de Recursos Ltd’s holdings, making the stock its 8th biggest holding. Geo Capital Gestora de Recursos Ltd’s holdings in Visa were worth $4,459,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of V. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the 4th quarter worth $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa during the 4th quarter worth $27,000. POM Investment Strategies LLC lifted its position in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Visa during the 4th quarter worth $32,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Visa during the 4th quarter worth $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 0.9 %

NYSE V opened at $336.51 on Friday. The business has a 50 day simple moving average of $340.48 and a 200 day simple moving average of $312.82. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The stock has a market capitalization of $625.15 billion, a P/E ratio of 33.92, a P/E/G ratio of 2.33 and a beta of 0.95. 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 (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS 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%. Research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

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

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock valued at $48,560,961 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on V. Keefe, Bruyette & Woods restated 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 research report on Friday, January 31st. Susquehanna reiterated a “positive” rating on shares of Visa in a research report on Friday. Citigroup reiterated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Finally, StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $353.96.

Visa Company 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.