Boston Partners Trims Stock Holdings in Visa Inc. (NYSE:V)

Boston Partners decreased its stake in Visa Inc. (NYSE:V) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 520,123 shares of the credit-card processor’s stock after selling 6,660 shares during the quarter. Boston Partners’ holdings in Visa were worth $164,411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of V. Riverstone Advisors LLC bought a new position in shares of Visa in the fourth quarter worth about $217,000. Journey Strategic Wealth LLC boosted its stake in shares of Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after acquiring an additional 1,361 shares during the period. King Wealth Management Group boosted its stake in shares of Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock worth $23,663,000 after acquiring an additional 6,172 shares during the period. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Visa in the fourth quarter worth about $10,163,000. Finally, Copley Financial Group Inc. bought a new position in shares of Visa in the third quarter worth about $616,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. StockNews.com lowered Visa from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $353.96.

Insider Transactions at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,855 shares of company stock worth $35,165,827. 0.13% of the stock is currently owned by company insiders.

Visa Trading Down 0.1 %

Shares of NYSE V opened at $334.30 on Wednesday. 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 business’s 50 day moving average price is $338.84 and its 200-day moving average price is $312.02. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company has a market cap of $621.06 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. Visa’s payout ratio is 23.79%.

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.