Visa Inc. (NYSE:V) Shares Sold by Charles Lim Capital Ltd

Charles Lim Capital Ltd trimmed its stake in shares of Visa Inc. (NYSE:V) by 73.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 72,391 shares of the credit-card processor’s stock after selling 202,609 shares during the period. Visa accounts for approximately 5.7% of Charles Lim Capital Ltd’s holdings, making the stock its 6th largest position. Charles Lim Capital Ltd’s holdings in Visa were worth $22,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of V. Riverstone Advisors LLC bought a new position in shares of Visa in the 4th quarter valued at about $217,000. Journey Strategic Wealth LLC boosted its stake in Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after acquiring an additional 1,361 shares during the last quarter. King Wealth Management Group boosted its stake in Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock valued at $23,663,000 after acquiring an additional 6,172 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Visa during the 4th quarter worth $10,163,000. Finally, Copley Financial Group Inc. bought a new stake in shares of Visa during the 3rd quarter valued at $616,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Raymond James reissued an “outperform” rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Friday, March 28th. Barclays boosted their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $355.84.

Visa Trading Down 2.1 %

V stock opened at $339.14 on Friday. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The stock has a market cap of $630.04 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a fifty day moving average price of $345.36 and a two-hundred day moving average price of $316.73. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company 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 annualized dividend and a yield of 0.70%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $194,931. The trade was a 94.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock valued at $48,842,490 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Visa 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.