SteelPeak Wealth LLC Cuts Stake in Visa Inc. $V

SteelPeak Wealth LLC lessened its position in Visa Inc. (NYSE:VFree Report) by 10.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,020 shares of the credit-card processor’s stock after selling 3,147 shares during the period. SteelPeak Wealth LLC’s holdings in Visa were worth $9,125,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parvin Asset Management LLC lifted its position in Visa by 200.0% in the third 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. Dorato Capital Management acquired a new position in Visa during the 4th quarter worth approximately $30,000. Sagard Holdings Management Inc. purchased a new position in shares of Visa during the 2nd quarter worth approximately $31,000. Imprint Wealth LLC purchased a new position in shares of Visa during the 3rd quarter worth approximately $39,000. Finally, Strategic Advocates LLC acquired a new stake in shares of Visa in the 3rd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of NYSE:V opened at $300.88 on Monday. The firm has a market capitalization of $546.14 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.72 and a beta of 0.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. The business’s 50 day simple moving average is $315.08 and its 200-day simple moving average is $331.37. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $375.51.

Visa (NYSE:VGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.03. The firm had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.Visa’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the business posted $2.75 EPS. As a group, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were given a $0.67 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. Visa’s dividend payout ratio (DPR) is currently 25.14%.

Visa News Roundup

Here are the key news stories impacting Visa this week:

Insider Buying and Selling at Visa

In other news, Director Lloyd Carney sold 650 shares of Visa stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the transaction, the director owned 2,679 shares of the company’s stock, valued at $829,471.98. The trade was a 19.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on V. Weiss Ratings restated a “buy (b)” rating on shares of Visa in a research note on Wednesday, January 21st. HSBC upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Freedom Capital upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Loop Capital began coverage on shares of Visa in a research note on Tuesday, March 31st. They set a “buy” rating and a $387.00 price target on the stock. Finally, Macquarie Infrastructure reiterated an “outperform” rating and issued a $410.00 price target on shares of Visa in a report on Friday, January 30th. Seven analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $390.96.

View Our Latest Stock Report on V

Visa Company 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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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