Marathon Trading Investment Management LLC Decreases Stock Holdings in Visa Inc. $V

Marathon Trading Investment Management LLC reduced its position in Visa Inc. (NYSE:V) by 64.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,000 shares of the credit-card processor’s stock after selling 5,500 shares during the period. Marathon Trading Investment Management LLC’s holdings in Visa were worth $1,024,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Sagard Holdings Management Inc. acquired a new stake in Visa in the second quarter valued at approximately $31,000. Bare Financial Services Inc lifted its holdings in shares of Visa by 287.0% during the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 66 shares during the last quarter. Winnow Wealth LLC acquired a new stake in shares of Visa in the 2nd quarter worth $40,000. Moisand Fitzgerald Tamayo LLC grew its stake in Visa by 344.8% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 129 shares of the credit-card processor’s stock worth $44,000 after buying an additional 100 shares during the last quarter. Finally, Sellwood Investment Partners LLC acquired a new position in Visa during the 3rd quarter valued at about $52,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.5%

Shares of Visa stock opened at $314.44 on Wednesday. The stock has a market cap of $570.77 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 1.81 and a beta of 0.78. The firm has a fifty day moving average price of $328.02 and a 200 day moving average price of $336.81. Visa Inc. has a 1 year low of $299.00 and a 1 year 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.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.03. The company had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.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 earned $2.75 EPS. Equities research 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. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Visa’s payout ratio is presently 25.14%.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 10,485 shares of the firm’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 sale, the chief executive officer owned 9,401 shares of the company’s stock, valued at $3,282,641.18. This trade represents a 52.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of a number of research analyst reports. Freedom Capital upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. HSBC upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $410.00 target price on shares of Visa in a research note on Friday, January 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research report on Wednesday, January 21st. Finally, Daiwa Securities Group raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price target for the company in a report on Monday, February 2nd. Seven research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Visa has an average rating of “Buy” and a consensus target price of $392.65.

Visa Profile

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.