General Partner Inc. Lowers Stock Position in Visa Inc. (NYSE:V)

General Partner Inc. decreased its holdings in shares of Visa Inc. (NYSE:V) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

A number of other large investors have also modified their holdings of the business. Peterson Financial Group Inc. acquired a new position in Visa during the third quarter worth about $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa in the 3rd quarter worth approximately $31,000. Modus Advisors LLC purchased a new position in Visa in the 4th quarter valued at approximately $32,000. Fairway Wealth LLC acquired a new position in Visa during the second quarter worth $39,000. Finally, West Financial Advisors LLC boosted its position in Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 73 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on V shares. Jefferies Financial Group raised their price target on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird lifted their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $317.00 price target on shares of Visa in a report on Thursday, September 12th. Susquehanna raised their price objective on shares of Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a research note on Wednesday, December 11th. Finally, Bank of America upped their target price on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $329.70.

Visa Trading Down 0.5 %

V stock traded down $1.70 during trading on Friday, reaching $312.70. 950,380 shares of the stock traded hands, compared to its average volume of 3,095,795. The firm has a market capitalization of $582.52 billion, a PE ratio of 32.14, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The business’s 50 day moving average price is $308.44 and its 200-day moving average price is $285.08. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $321.61.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.33 EPS. As a group, sell-side analysts forecast that Visa Inc. will post 11.23 earnings per share for the current year.

Visa Increases Dividend

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

Insider Activity

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

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.