Visa Inc. $V Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its stake in Visa Inc. (NYSE:VFree Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 496,546 shares of the credit-card processor’s stock after selling 12,240 shares during the quarter. Visa comprises 1.0% of Forsta AP Fonden’s portfolio, making the stock its 14th largest position. Forsta AP Fonden’s holdings in Visa were worth $174,144,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of V. Clayton Financial Group LLC grew its stake in Visa by 446.2% during the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after purchasing an additional 58 shares in the last quarter. PayPay Securities Corp boosted its position in Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after purchasing an additional 38 shares during the period. Cresta Advisors Ltd. acquired a new position in Visa during the 4th quarter valued at approximately $26,000. Parvin Asset Management LLC boosted its position in Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after purchasing an additional 50 shares during the period. Finally, Dorato Capital Management acquired a new position in Visa during the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

V opened at $327.68 on Friday. The company has a market cap of $587.78 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 1.74 and a beta of 0.78. The stock has a 50-day moving average of $314.87 and a 200-day moving average of $325.05. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $375.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09.

Visa (NYSE:VGet Free Report) last announced its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same quarter in the prior year, the company earned $2.76 EPS. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, equities research analysts forecast that Visa Inc. will post 13.09 earnings per share for the current fiscal year.

Visa announced that its Board of Directors has approved a share repurchase program on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the credit-card processor to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is 23.34%.

Insider Buying and Selling

In related news, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the transaction, the chief financial officer owned 9,872 shares in the company, valued at $3,206,524.32. This trade represents a 51.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 31,455 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,161,284.36. This represents a 67.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 42,744 shares of company stock worth $14,356,010 in the last 90 days. 0.12% of the stock is owned by company insiders.

Key Visa News

Here are the key news stories impacting Visa this week:

Analyst Upgrades and Downgrades

V has been the subject of a number of analyst reports. Loop Capital initiated coverage on Visa in a research report on Tuesday, March 31st. They set a “buy” rating and a $387.00 price target for the company. BMO Capital Markets began coverage on Visa in a report on Tuesday, April 21st. They issued an “outperform” rating and a $365.00 price objective for the company. Royal Bank Of Canada restated an “outperform” rating and issued a $395.00 price objective on shares of Visa in a report on Friday, January 30th. TD Cowen restated a “buy” rating on shares of Visa in a report on Friday, January 30th. Finally, Citigroup cut their target price on Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $386.70.

Read Our Latest Analysis on V

Visa Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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