Visa Inc. (NYSE:V) Holdings Raised by Truist Financial Corp

Truist Financial Corp lifted its stake in shares of Visa Inc. (NYSE:V) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,597,417 shares of the credit-card processor’s stock after purchasing an additional 818 shares during the quarter. Visa comprises about 0.8% of Truist Financial Corp’s investment portfolio, making the stock its 23rd largest holding. Truist Financial Corp owned 0.09% of Visa worth $504,848,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in Visa in the fourth quarter worth about $26,000. Peterson Financial Group Inc. bought a new stake in Visa in the third quarter worth about $26,000. POM Investment Strategies LLC raised its position in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares in the last quarter. Modus Advisors LLC bought a new stake in Visa in the fourth quarter worth about $32,000. Finally, Reston Wealth Management LLC bought a new stake in Visa in the third quarter worth about $31,000. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock valued at $19,830,050 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Visa Trading Down 0.5 %

Shares of NYSE V opened at $354.95 on Thursday. The stock has a market cap of $659.42 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 2.35 and a beta of 0.97. The business has a 50 day simple moving average of $327.75 and a 200 day simple moving average of $301.05. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $357.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS 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%. On average, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. Visa’s payout ratio is currently 23.79%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. TD Cowen boosted their price target on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. UBS Group lifted their price target on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods lifted their price target on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada lifted their price target on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $354.73.

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.