Whittier Trust Co. reduced its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 434,176 shares of the credit-card processor’s stock after selling 1,259 shares during the period. Visa comprises 1.8% of Whittier Trust Co.’s investment portfolio, making the stock its 11th largest holding. Whittier Trust Co.’s holdings in Visa were worth $137,212,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in V. BluePointe Capital Management LLC purchased a new position in shares of Visa in the 4th quarter valued at about $305,000. Northwest & Ethical Investments L.P. raised its holdings in Visa by 1.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 113,343 shares of the credit-card processor’s stock valued at $35,821,000 after acquiring an additional 1,171 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Visa by 1.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 367,447 shares of the credit-card processor’s stock valued at $116,128,000 after acquiring an additional 3,807 shares in the last quarter. Berkeley Capital Partners LLC lifted its stake in Visa by 2.8% in the fourth quarter. Berkeley Capital Partners LLC now owns 4,025 shares of the credit-card processor’s stock worth $1,272,000 after acquiring an additional 111 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Visa by 56.0% during the 4th quarter. Teacher Retirement System of Texas now owns 534,548 shares of the credit-card processor’s stock worth $168,939,000 after acquiring an additional 191,784 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.
Insider Activity at Visa
In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,855 shares of company stock valued at $35,165,827 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.
Visa Trading Up 1.5 %
Visa (NYSE:V – Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current year.
Visa Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. Visa’s dividend payout ratio (DPR) is presently 23.79%.
Analyst Ratings Changes
A number of research analysts have recently commented on V shares. Barclays increased their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Wells Fargo & Company increased their price objective on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $353.96.
Get Our Latest Stock Analysis on Visa
About Visa
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.
Featured Articles
- Five stocks we like better than Visa
- 3 Healthcare Dividend Stocks to Buy
- What GTC 2025 Signals for NVIDIA Stock’s Next Big Move
- What Do S&P 500 Stocks Tell Investors About the Market?
- Alphabet’s Officially In A Bear Market—Time To Buy?
- What Are Dividend Achievers? An Introduction
- D-Wave and Quantum Supremacy: Implications For Investors
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.