Bank Pictet & Cie Europe AG Sells 11,058 Shares of Visa Inc. $V

Bank Pictet & Cie Europe AG reduced its stake in shares of Visa Inc. (NYSE:VFree Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 571,404 shares of the credit-card processor’s stock after selling 11,058 shares during the quarter. Visa accounts for 4.0% of Bank Pictet & Cie Europe AG’s portfolio, making the stock its 5th largest position. Bank Pictet & Cie Europe AG’s holdings in Visa were worth $200,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. Parvin Asset Management LLC increased its position in shares of Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares in the last quarter. Sagard Holdings Management Inc. acquired a new position in Visa in the second quarter valued at about $31,000. Imprint Wealth LLC bought a new stake in Visa during the third quarter worth about $39,000. Strategic Advocates LLC bought a new stake in Visa during the third quarter worth about $43,000. Finally, Moisand Fitzgerald Tamayo LLC increased its holdings in shares of Visa by 344.8% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 129 shares of the credit-card processor’s stock worth $44,000 after buying an additional 100 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Trading Up 0.0%

V opened at $300.88 on Friday. 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 company has a market cap 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 firm has a 50 day simple moving average of $315.08 and a 200 day simple moving average of $331.53. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $375.51.

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

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were paid a dividend of $0.67 per share. 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 is currently 25.14%.

Visa News Summary

Here are the key news stories impacting Visa this week:

Wall Street Analyst Weigh In

Several research analysts have recently commented on V shares. UBS Group reduced their target price on Visa from $425.00 to $390.00 and set a “buy” rating on the stock in a report on Tuesday. Rothschild & Co Redburn set a $385.00 price target on Visa in a report on Wednesday, January 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $395.00 price objective on shares of Visa in a research report on Friday, January 30th. Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Finally, Loop Capital started coverage on Visa in a research note on Tuesday. They issued a “buy” rating and a $387.00 target price for the company. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $390.96.

View Our Latest Report on V

Insider Activity

In other news, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the sale, the director directly owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. This represents a 19.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.12% of the company’s stock.

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.

See Also

Institutional Ownership by Quarter for Visa (NYSE:V)

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