GS Investments Inc. Has $7.96 Million Stake in Visa Inc. $V

GS Investments Inc. trimmed its holdings in Visa Inc. (NYSE:V) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,414 shares of the credit-card processor’s stock after selling 241 shares during the quarter. Visa comprises about 3.5% of GS Investments Inc.’s portfolio, making the stock its 5th biggest position. GS Investments Inc.’s holdings in Visa were worth $7,958,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. increased its holdings in Visa by 47.2% in the second quarter. Global Wealth Management Investment Advisory Inc. now owns 1,306 shares of the credit-card processor’s stock worth $464,000 after purchasing an additional 419 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Visa by 193.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 303,265 shares of the credit-card processor’s stock worth $107,674,000 after buying an additional 199,777 shares in the last quarter. Marathon Trading Investment Management LLC grew its position in shares of Visa by 2,109.5% during the 2nd quarter. Marathon Trading Investment Management LLC now owns 8,500 shares of the credit-card processor’s stock worth $3,018,000 after buying an additional 8,923 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Visa by 5.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,016,579 shares of the credit-card processor’s stock valued at $2,491,242,000 after acquiring an additional 331,040 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Visa by 26.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 18,003 shares of the credit-card processor’s stock valued at $6,392,000 after acquiring an additional 3,749 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. This represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lloyd Carney sold 900 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the sale, the director owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This represents a 26.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,897 shares of company stock valued at $8,164,561 in the last three months. 0.13% of the stock is currently owned by insiders.

Visa Price Performance

V stock opened at $335.91 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50-day simple moving average of $343.52 and a two-hundred day simple moving average of $348.84. The company has a market capitalization of $615.66 billion, a P/E ratio of 32.90, a price-to-earnings-growth ratio of 2.03 and a beta of 0.87. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.97 by $0.01. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the business posted $2.71 earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. Research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a dividend of $0.67 per share. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, November 12th. This represents a $2.68 annualized dividend and a yield of 0.8%. Visa’s dividend payout ratio (DPR) is 23.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on V shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a research note on Thursday, July 17th. They set a “buy” rating and a $410.00 target price on the stock. Macquarie cut their price objective on shares of Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Truist Financial decreased their target price on Visa from $400.00 to $397.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Morgan Stanley set a $398.00 price target on Visa and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Barclays reissued an “overweight” rating and issued a $408.00 price objective (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.