Visa Inc. $V Shares Sold by Marathon Trading Investment Management LLC

Marathon Trading Investment Management LLC reduced its position in shares of Visa Inc. (NYSE:V) by 64.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,000 shares of the credit-card processor’s stock after selling 5,500 shares during the period. Marathon Trading Investment Management LLC’s holdings in Visa were worth $1,024,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sagard Holdings Management Inc. acquired a new stake in Visa in the second quarter valued at approximately $31,000. Bare Financial Services Inc raised its stake in shares of Visa by 287.0% during the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after buying an additional 66 shares during the period. Winnow Wealth LLC acquired a new position in shares of Visa during the 2nd quarter worth approximately $40,000. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Visa by 344.8% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 129 shares of the credit-card processor’s stock valued at $44,000 after buying an additional 100 shares in the last quarter. Finally, Sellwood Investment Partners LLC acquired a new stake in Visa in the 3rd quarter valued at $52,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the transaction, the chief executive officer owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

Visa Stock Performance

V opened at $314.44 on Wednesday. The firm has a market capitalization of $570.77 billion, a PE ratio of 29.50, a PEG ratio of 1.81 and a beta of 0.78. Visa Inc. has a twelve month low of $299.00 and a twelve month high of $375.51. The firm’s 50-day moving average price is $328.02 and its 200 day moving average price is $336.81. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. Visa had a net margin of 50.23% and a return on equity of 61.74%. The company had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter in the prior year, the firm earned $2.75 EPS. Visa’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Visa’s dividend payout ratio (DPR) is presently 25.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on V shares. Royal Bank Of Canada restated an “outperform” rating and set a $395.00 price objective on shares of Visa in a research report on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a research report on Wednesday, January 21st. Morgan Stanley reissued an “overweight” rating and set a $411.00 target price (up from $398.00) on shares of Visa in a research note on Friday, January 30th. TD Cowen reaffirmed a “buy” rating on shares of Visa in a research note on Friday, January 30th. Finally, Bank of America initiated coverage on Visa in a report on Thursday, March 5th. They issued a “buy” rating and a $410.00 price objective on the stock. Seven analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Buy” and an average price target of $392.65.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.