General Partner Inc. Decreases Stake in Visa Inc. (NYSE:V)

General Partner Inc. lessened its holdings in shares of Visa Inc. (NYSE:V) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,794 shares of the credit-card processor’s stock after selling 125 shares during the period. General Partner Inc.’s holdings in Visa were worth $1,515,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cozad Asset Management Inc. raised its stake in Visa by 16.7% during the second quarter. Cozad Asset Management Inc. now owns 5,272 shares of the credit-card processor’s stock worth $1,384,000 after purchasing an additional 753 shares during the period. Hodges Capital Management Inc. raised its position in shares of Visa by 2.1% during the 2nd quarter. Hodges Capital Management Inc. now owns 5,712 shares of the credit-card processor’s stock valued at $1,499,000 after buying an additional 115 shares during the period. Larson Financial Group LLC lifted its holdings in Visa by 10.4% in the second quarter. Larson Financial Group LLC now owns 17,713 shares of the credit-card processor’s stock valued at $4,649,000 after acquiring an additional 1,673 shares during the last quarter. Consolidated Planning Corp grew its position in Visa by 18.6% in the second quarter. Consolidated Planning Corp now owns 12,715 shares of the credit-card processor’s stock worth $3,337,000 after acquiring an additional 1,995 shares during the period. Finally, GPM Growth Investors Inc. acquired a new stake in Visa during the second quarter worth $8,282,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity

In related news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their target price on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. TD Cowen boosted their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Piper Sandler increased their price objective on shares of Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird boosted their target price on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $329.70.

Visa Stock Down 0.5 %

Visa stock traded down $1.70 during midday trading on Friday, reaching $312.70. The company’s stock had a trading volume of 950,380 shares, compared to its average volume of 3,095,795. The company has a market cap of $582.52 billion, a P/E ratio of 32.14, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The business has a 50-day simple moving average of $308.44 and a 200-day simple moving average of $285.08. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $321.61.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.33 EPS. On average, research analysts expect that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is currently 24.25%.

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.