Vontobel Holding Ltd. Sells 43,619 Shares of Visa Inc. (NYSE:V)

Vontobel Holding Ltd. reduced its position in Visa Inc. (NYSE:V) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 543,386 shares of the credit-card processor’s stock after selling 43,619 shares during the quarter. Vontobel Holding Ltd.’s holdings in Visa were worth $141,471,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Visa by 1.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 229,315 shares of the credit-card processor’s stock valued at $59,702,000 after purchasing an additional 2,173 shares during the last quarter. Crown Oak Advisors LLC bought a new stake in shares of Visa in the 4th quarter valued at $16,623,000. Capital Advisors Inc. OK lifted its position in shares of Visa by 3.1% during the 4th quarter. Capital Advisors Inc. OK now owns 142,128 shares of the credit-card processor’s stock valued at $37,003,000 after acquiring an additional 4,219 shares during the period. Simplicity Wealth LLC acquired a new position in shares of Visa during the 4th quarter valued at $1,025,000. Finally, Triasima Portfolio Management inc. lifted its position in shares of Visa by 29.6% during the 4th quarter. Triasima Portfolio Management inc. now owns 15,409 shares of the credit-card processor’s stock valued at $4,012,000 after acquiring an additional 3,520 shares during the period. 82.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. KeyCorp upped their price objective on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Monness Crespi & Hardt began coverage on shares of Visa in a report on Wednesday, December 20th. They set a “neutral” rating on the stock. Wells Fargo & Company upped their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, TD Cowen began coverage on shares of Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.87.

Visa Price Performance

Shares of NYSE:V opened at $271.28 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $498.21 billion, a PE ratio of 31.22, a P/E/G ratio of 1.91 and a beta of 0.96. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a 50-day moving average price of $280.04 and a two-hundred day moving average price of $262.19.

Visa (NYSE:V) last issued its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $2.18 earnings per share. Equities analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. Visa’s dividend payout ratio is presently 23.94%.

Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by corporate insiders.

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.