C WorldWide Group Holding A S Lowers Position in Visa Inc. $V

C WorldWide Group Holding A S reduced its stake in Visa Inc. (NYSE:VFree Report) by 32.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,271,528 shares of the credit-card processor’s stock after selling 608,657 shares during the period. Visa makes up about 6.7% of C WorldWide Group Holding A S’s holdings, making the stock its 4th largest holding. C WorldWide Group Holding A S’s holdings in Visa were worth $434,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. Harmony Asset Management LLC lifted its holdings in Visa by 1.7% during the 3rd quarter. Harmony Asset Management LLC now owns 20,362 shares of the credit-card processor’s stock worth $6,951,000 after purchasing an additional 340 shares in the last quarter. Black Diamond Financial LLC lifted its holdings in shares of Visa by 139.5% in the third quarter. Black Diamond Financial LLC now owns 4,500 shares of the credit-card processor’s stock worth $1,536,000 after buying an additional 2,621 shares in the last quarter. Hobbs Wealth Management LLC boosted its position in shares of Visa by 17.2% in the third quarter. Hobbs Wealth Management LLC now owns 1,111 shares of the credit-card processor’s stock valued at $379,000 after acquiring an additional 163 shares during the period. ABN AMRO Bank N.V. grew its stake in Visa by 18.0% during the third quarter. ABN AMRO Bank N.V. now owns 1,048,831 shares of the credit-card processor’s stock valued at $356,737,000 after acquiring an additional 160,352 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its stake in Visa by 2.4% during the third quarter. HighPoint Advisor Group LLC now owns 44,562 shares of the credit-card processor’s stock valued at $15,213,000 after acquiring an additional 1,048 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Price Performance

Shares of Visa stock opened at $329.79 on Thursday. The firm has a market capitalization of $600.79 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 1.89 and a beta of 0.79. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.51. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The business’s 50-day moving average price is $338.66 and its 200-day moving average price is $341.17.

Visa (NYSE:VGet Free Report) last issued its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.03. The business had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.Visa’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.75 earnings per share. Sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 10th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, February 10th. Visa’s dividend payout ratio (DPR) is presently 25.14%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the sale, the chief executive officer owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $325.93, for a total value of $707,919.96. Following the transaction, the insider owned 26,413 shares in the company, valued at approximately $8,608,789.09. The trade was a 7.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.12% of the company’s stock.

More Visa News

Here are the key news stories impacting Visa this week:

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a research note on Wednesday, January 21st. Bank of America upgraded Visa from a “neutral” rating to a “buy” rating and set a $382.00 price objective on the stock in a research report on Thursday, December 11th. Raymond James Financial restated an “outperform” rating and set a $408.00 target price (up from $398.00) on shares of Visa in a research report on Wednesday, October 29th. TD Cowen reaffirmed a “buy” rating on shares of Visa in a report on Friday, January 30th. Finally, Wells Fargo & Company upgraded shares of Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Six analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $392.00.

Check Out Our Latest Stock Report on V

About Visa

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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