Visa Inc. (NYSE:V) Stock Holdings Reduced by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. lowered its position in Visa Inc. (NYSE:V) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 257,187 shares of the credit-card processor’s stock after selling 3,979 shares during the period. Visa accounts for 4.5% of Quintet Private Bank Europe S.A.’s portfolio, making the stock its 5th largest holding. Quintet Private Bank Europe S.A.’s holdings in Visa were worth $81,281,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Riverstone Advisors LLC bought a new position in Visa in the fourth quarter worth $217,000. Journey Strategic Wealth LLC lifted its holdings in Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after buying an additional 1,361 shares during the period. Copley Financial Group Inc. bought a new position in Visa in the third quarter valued at approximately $616,000. Calamos Wealth Management LLC boosted its stake in Visa by 0.6% in the fourth quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock valued at $24,475,000 after acquiring an additional 435 shares during the last quarter. Finally, Oak Ridge Investments LLC boosted its stake in Visa by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after acquiring an additional 4,198 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The sale 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 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 transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,885 shares of company stock worth $19,161,447. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on V. Barclays raised their price objective on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. UBS Group lifted their price target on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Raymond James reissued an “outperform” rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Stock Performance

V opened at $361.60 on Tuesday. The company’s fifty day moving average price is $333.92 and its two-hundred day moving average price is $306.64. The company has a market cap of $671.77 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 2.33 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.65%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.