Visa Inc. $V Holdings Reduced by ProShare Advisors LLC

ProShare Advisors LLC lowered its position in Visa Inc. (NYSE:V) by 9.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 465,081 shares of the credit-card processor’s stock after selling 46,616 shares during the quarter. ProShare Advisors LLC’s holdings in Visa were worth $158,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in V. Oppenheimer & Co. Inc. grew its holdings in Visa by 1.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 180,848 shares of the credit-card processor’s stock worth $61,738,000 after buying an additional 2,883 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in Visa by 3.0% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 20,535 shares of the credit-card processor’s stock valued at $7,010,000 after acquiring an additional 590 shares in the last quarter. Western Wealth Management LLC boosted its position in Visa by 3.5% during the 3rd quarter. Western Wealth Management LLC now owns 31,788 shares of the credit-card processor’s stock worth $10,852,000 after acquiring an additional 1,075 shares during the period. Legacy Financial Strategies LLC boosted its position in Visa by 5.7% during the 3rd quarter. Legacy Financial Strategies LLC now owns 1,884 shares of the credit-card processor’s stock worth $643,000 after acquiring an additional 102 shares during the period. Finally, Francis Financial Inc. grew its stake in shares of Visa by 15.7% in the third quarter. Francis Financial Inc. now owns 1,128 shares of the credit-card processor’s stock worth $385,000 after purchasing an additional 153 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. TD Cowen restated a “buy” rating on shares of Visa in a research note on Friday, January 30th. UBS Group reissued a “buy” rating on shares of Visa in a research note on Tuesday, January 13th. Wells Fargo & Company raised shares of Visa to a “strong-buy” rating in a research note on Wednesday, October 22nd. Piper Sandler set a $160.00 price objective on shares of Visa in a report on Wednesday, January 28th. Finally, Evercore set a $380.00 target price on Visa in a report on Friday, December 12th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Visa currently has an average rating of “Buy” and a consensus target price of $392.29.

Visa Stock Performance

Shares of V opened at $331.82 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s 50 day moving average is $338.50 and its 200-day moving average is $340.77. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51. The stock has a market capitalization of $602.31 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.90 and a beta of 0.79.

Visa (NYSE:V) last issued its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. The firm had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the firm posted $2.75 earnings per share. Equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $325.93, for a total transaction of $707,919.96. Following the sale, the insider directly owned 26,413 shares of the company’s stock, valued at $8,608,789.09. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the sale, the chief executive officer directly owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This represents a 52.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by insiders.

About Visa

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.