Tocqueville Asset Management L.P. Sells 727 Shares of Visa Inc. (NYSE:V)

Tocqueville Asset Management L.P. lessened its position in Visa Inc. (NYSE:VFree Report) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,466 shares of the credit-card processor’s stock after selling 727 shares during the period. Tocqueville Asset Management L.P.’s holdings in Visa were worth $21,038,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of V. Moneta Group Investment Advisors LLC increased its position in shares of Visa by 116,608.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after acquiring an additional 24,483,134 shares in the last quarter. Norges Bank bought a new stake in shares of Visa during the fourth quarter worth $3,067,232,000. Morgan Stanley increased its position in shares of Visa by 13.0% during the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after acquiring an additional 5,864,340 shares in the last quarter. Capital World Investors increased its position in shares of Visa by 50.8% during the second quarter. Capital World Investors now owns 16,012,583 shares of the credit-card processor’s stock worth $3,802,668,000 after acquiring an additional 5,391,512 shares in the last quarter. Finally, Cibc World Markets Corp increased its position in shares of Visa by 1,634.8% during the second quarter. Cibc World Markets Corp now owns 3,938,026 shares of the credit-card processor’s stock worth $935,202,000 after acquiring an additional 3,711,026 shares in the last quarter. Institutional investors own 81.35% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on shares of Visa in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 target price for the company. KeyCorp raised their target price on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Wedbush raised their target price on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. UBS Group raised their target price on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.55.

Check Out Our Latest Research Report on V

Insider Buying and Selling at Visa

In other Visa news, insider Rajat Taneja sold 9,200 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $250.01, for a total value of $2,300,092.00. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $58,030,321.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Rajat Taneja sold 9,200 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $250.01, for a total value of $2,300,092.00. Following the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $58,030,321.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $255.79, for a total transaction of $2,084,688.50. Following the completion of the sale, the chief executive officer now directly owns 29,152 shares in the company, valued at $7,456,790.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,472 shares of company stock worth $25,695,420. 0.19% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of NYSE:V traded down $0.64 during midday trading on Monday, hitting $275.79. The stock had a trading volume of 1,226,441 shares, compared to its average volume of 5,444,526. The company’s 50-day moving average price is $264.58 and its 200-day moving average price is $249.42. The company has a market capitalization of $506.49 billion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a fifty-two week low of $208.76 and a fifty-two week high of $279.99.

Visa (NYSE:VGet Free Report) last issued its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.18 EPS. As a group, equities research analysts predict that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, February 8th. Visa’s dividend payout ratio (DPR) is currently 23.94%.

About Visa

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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