Visa Inc. (NYSE:V) Shares Sold by GFG Capital LLC

GFG Capital LLC trimmed its stake in shares of Visa Inc. (NYSE:V) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,954 shares of the credit-card processor’s stock after selling 93 shares during the period. Visa comprises about 3.2% of GFG Capital LLC’s holdings, making the stock its 9th biggest holding. GFG Capital LLC’s holdings in Visa were worth $12,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Campbell Wealth Management purchased a new stake in shares of Visa during the fourth quarter valued at $272,000. Asset Planning Inc purchased a new stake in shares of Visa during the fourth quarter valued at $272,000. Vicus Capital raised its position in Visa by 3.1% during the fourth quarter. Vicus Capital now owns 1,032 shares of the credit-card processor’s stock valued at $326,000 after buying an additional 31 shares during the period. Pictet North America Advisors SA raised its position in Visa by 5.6% during the fourth quarter. Pictet North America Advisors SA now owns 62,683 shares of the credit-card processor’s stock valued at $19,810,000 after buying an additional 3,344 shares during the period. Finally, V Square Quantitative Management LLC raised its position in Visa by 9.6% during the fourth quarter. V Square Quantitative Management LLC now owns 33,473 shares of the credit-card processor’s stock valued at $10,579,000 after buying an additional 2,940 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock worth $19,830,050 in the last 90 days. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Mizuho upped their price target on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Royal Bank of Canada upped their price target on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Visa Price Performance

Visa stock opened at $353.73 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The company has a market capitalization of $657.15 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. Visa Inc. has a one year low of $252.70 and a one year high of $356.08. The business has a 50 day simple moving average of $325.14 and a 200 day simple moving average of $299.19.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, sell-side analysts forecast that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.