Visa Inc. (NYSE:V) Holdings Lowered by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. cut its holdings in shares of Visa Inc. (NYSE:V) by 1.5% during the 4th quarter, HoldingsChannel reports. The fund owned 257,187 shares of the credit-card processor’s stock after selling 3,979 shares during the quarter. Visa makes up 4.5% of Quintet Private Bank Europe S.A.’s investment portfolio, making the stock its 5th biggest position. Quintet Private Bank Europe S.A.’s holdings in Visa were worth $81,281,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in V. LGT Fund Management Co Ltd. increased its stake in shares of Visa by 2.7% in the fourth quarter. LGT Fund Management Co Ltd. now owns 118,111 shares of the credit-card processor’s stock worth $37,328,000 after buying an additional 3,133 shares during the period. LGT Group Foundation increased its stake in shares of Visa by 7.0% in the fourth quarter. LGT Group Foundation now owns 337,180 shares of the credit-card processor’s stock worth $106,562,000 after buying an additional 22,170 shares during the period. DJE Kapital AG purchased a new position in shares of Visa in the fourth quarter worth $186,499,000. Sonoma Private Wealth LLC increased its stake in shares of Visa by 4.4% in the fourth quarter. Sonoma Private Wealth LLC now owns 2,533 shares of the credit-card processor’s stock worth $800,000 after buying an additional 106 shares during the period. Finally, Plato Investment Management Ltd increased its stake in shares of Visa by 2.5% in the fourth quarter. Plato Investment Management Ltd now owns 43,923 shares of the credit-card processor’s stock worth $13,932,000 after buying an additional 1,058 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,885 shares of company stock worth $19,161,447. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on V shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Susquehanna lifted their price target on shares of Visa from $395.00 to $410.00 and gave the company a “positive” rating in a report on Friday, February 21st. Wells Fargo & Company lifted their price target on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group lifted their price target on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Six 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’s stock. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $353.96.

Visa Stock Down 0.3 %

NYSE V opened at $361.60 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $671.77 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.33 and a beta of 0.97. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The stock has a 50 day moving average price of $333.92 and a 200-day moving average price of $306.64.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.65%. Visa’s payout ratio is presently 23.79%.

Visa Company 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.