Visa Inc. $V Stock Holdings Trimmed by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its holdings in Visa Inc. (NYSE:VFree Report) by 74.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,690 shares of the credit-card processor’s stock after selling 10,814 shares during the quarter. GSA Capital Partners LLP’s holdings in Visa were worth $1,260,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of V. Vanguard Group Inc. raised its holdings in Visa by 0.9% during the second quarter. Vanguard Group Inc. now owns 162,544,006 shares of the credit-card processor’s stock worth $57,711,249,000 after purchasing an additional 1,461,575 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Visa by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 43,096,802 shares of the credit-card processor’s stock valued at $15,253,245,000 after purchasing an additional 1,067,631 shares during the period. Norges Bank bought a new stake in shares of Visa in the 2nd quarter worth $7,034,939,000. TCI Fund Management Ltd. lifted its holdings in shares of Visa by 14.6% in the second quarter. TCI Fund Management Ltd. now owns 19,067,558 shares of the credit-card processor’s stock valued at $6,769,936,000 after buying an additional 2,429,996 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Visa by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 12,820,885 shares of the credit-card processor’s stock valued at $4,552,057,000 after buying an additional 145,665 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Up 0.4%

NYSE V opened at $320.63 on Thursday. The firm’s 50 day moving average price is $337.50 and its two-hundred day moving average price is $339.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. Visa Inc. has a twelve month low of $299.00 and a twelve month high of $375.51. The stock has a market cap of $581.99 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 1.83 and a beta of 0.79.

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

Visa Announces Dividend

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

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the transaction, the insider directly owned 26,413 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the transaction, the chief executive officer owned 9,401 shares in the company, valued at approximately $3,282,641.18. This represents a 52.73% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by corporate insiders.

Trending Headlines about Visa

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Analysts Set New Price Targets

V has been the topic of several research reports. Wells Fargo & Company upgraded shares of Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Citigroup upgraded shares of Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Rothschild & Co Redburn set a $385.00 target price on shares of Visa in a report on Wednesday, January 28th. Piper Sandler set a $160.00 price target on shares of Visa in a research report on Wednesday, January 28th. Finally, UBS Group reaffirmed a “buy” rating on shares of Visa in a report on Tuesday, January 13th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Visa presently has an average rating of “Buy” and an average price target of $392.21.

Check Out Our Latest Report on Visa

Visa Profile

(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.

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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