Visa Inc. (NYSE:V) Position Trimmed by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd trimmed its holdings in shares of Visa Inc. (NYSE:V) by 22.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,577 shares of the credit-card processor’s stock after selling 14,077 shares during the period. Visa makes up approximately 2.3% of Taikang Asset Management Hong Kong Co Ltd’s holdings, making the stock its 8th largest position. Taikang Asset Management Hong Kong Co Ltd’s holdings in Visa were worth $15,352,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in Visa in the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa in the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC boosted its stake in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth $32,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Visa in the fourth quarter worth $32,000. 82.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on V. Piper Sandler reissued an “overweight” rating and issued a $383.00 target price (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Oppenheimer reiterated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Morgan Stanley raised their price target on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Susquehanna reiterated a “positive” rating on shares of Visa in a research report on Friday. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $353.96.

Visa Price Performance

V stock opened at $343.96 on Tuesday. The company has a market capitalization of $639.00 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The company’s fifty day moving average price is $341.23 and its 200-day moving average price is $313.75. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. 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, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. This trade represents a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock worth $48,560,961 in the last quarter. 0.13% of the stock is owned by corporate insiders.

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.