Visa Inc. (NYSE:V) Shares Sold by TCW Group Inc.

TCW Group Inc. cut its position in Visa Inc. (NYSE:VFree Report) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 854,330 shares of the credit-card processor’s stock after selling 83,059 shares during the period. Visa makes up 2.5% of TCW Group Inc.’s holdings, making the stock its 6th largest position. TCW Group Inc.’s holdings in Visa were worth $222,426,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in shares of Visa in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the fourth quarter worth $32,000. Valued Wealth Advisors LLC purchased a new position in Visa during the fourth quarter worth about $37,000. Delos Wealth Advisors LLC lifted its stake in Visa by 2,500.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor’s stock worth $41,000 after acquiring an additional 150 shares in the last quarter. Finally, Tidemark LLC purchased a new stake in shares of Visa during the fourth quarter worth $51,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Shares of Visa stock traded down $1.35 during midday trading on Thursday, hitting $274.23. 6,108,686 shares of the company traded hands, compared to its average volume of 6,342,304. The firm’s fifty day moving average price is $277.12 and its 200-day moving average price is $269.46. The stock has a market cap of $501.55 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.89 and a beta of 0.95. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the business earned $2.09 earnings per share. Visa’s revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa’s payout ratio is 23.24%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock valued at $9,559,382 over the last 90 days. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on V shares. Oppenheimer raised their target price on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Raymond James raised their price objective on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Barclays upped their price objective on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Piper Sandler began coverage on shares of Visa in a research note on Monday, May 13th. They set an “overweight” rating and a $322.00 price target on the stock. Finally, Robert W. Baird boosted their price objective on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $303.76.

View Our Latest Research Report on V

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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