Visa Inc. $V Shares Sold by Capital International Investors

Capital International Investors trimmed its holdings in shares of Visa Inc. (NYSE:V) by 0.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,272,286 shares of the credit-card processor’s stock after selling 13,053 shares during the period. Visa comprises 1.2% of Capital International Investors’ investment portfolio, making the stock its 20th biggest holding. Capital International Investors owned approximately 1.16% of Visa worth $7,261,453,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after acquiring an additional 6,883 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after purchasing an additional 4,817 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its stake in shares of Visa by 4.6% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock worth $3,834,000 after purchasing an additional 477 shares during the period. Matrix Asset Advisors Inc. NY grew its stake in shares of Visa by 16.9% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor’s stock worth $402,000 after purchasing an additional 164 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Visa by 5.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 231,510 shares of the credit-card processor’s stock worth $82,198,000 after purchasing an additional 11,334 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the sale, the chief executive officer directly owned 9,401 shares in the company, valued at $3,282,641.18. This represents a 52.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.12% of the stock is owned by corporate insiders.

Visa Trading Down 0.4%

NYSE V opened at $316.03 on Tuesday. The company has a market cap of $573.65 billion, a P/E ratio of 29.65, a P/E/G ratio of 1.82 and a beta of 0.78. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. 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 company has a 50-day moving average of $328.80 and a 200-day moving average of $337.05.

Visa (NYSE:V) last released 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. Visa had a net margin of 50.23% and a return on equity of 61.74%. The business had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.69 billion. During the same period last year, the company earned $2.75 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were 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 was Tuesday, February 10th. Visa’s dividend payout ratio (DPR) is 25.14%.

Analysts Set New Price Targets

Several analysts recently commented on V shares. Truist Financial set a $372.00 price objective on shares of Visa in a research note on Tuesday, February 10th. Bank of America initiated coverage on shares of Visa in a research report on Thursday, March 5th. They set a “buy” rating and a $410.00 target price on the stock. TD Cowen reaffirmed a “buy” rating on shares of Visa in a report on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a research report on Wednesday, January 21st. Finally, Piper Sandler set a $160.00 price target on Visa in a research note on Wednesday, January 28th. Seven research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $392.65.

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.