Visa Inc. (NYSE:V) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its position in Visa Inc. (NYSE:V) by 0.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,422,257 shares of the credit-card processor’s stock after selling 20,419 shares during the quarter. Visa comprises about 1.4% of Natixis Advisors LLC’s holdings, making the stock its 7th largest position. Natixis Advisors LLC’s holdings in Visa were worth $765,530,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of V. Raymond James Financial Inc. acquired a new stake in shares of Visa during the fourth quarter valued at $1,955,403,000. Proficio Capital Partners LLC raised its holdings in shares of Visa by 17,018.7% in the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor’s stock worth $1,248,079,000 after purchasing an additional 3,926,049 shares during the period. State Street Corp raised its holdings in shares of Visa by 4.5% in the 3rd quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor’s stock worth $21,064,179,000 after purchasing an additional 3,327,977 shares during the period. FMR LLC increased its holdings in Visa by 6.1% during the 3rd quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor’s stock worth $15,702,901,000 after purchasing an additional 3,265,518 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Visa by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor’s stock worth $10,601,135,000 after acquiring an additional 2,772,549 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. UBS Group boosted their price objective on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. StockNews.com lowered Visa from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average target price of $353.96.

Insider Buying and Selling at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. This trade represents a 17.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. This represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,855 shares of company stock worth $35,165,827. Insiders own 0.13% of the company’s stock.

Visa Price Performance

V stock opened at $331.72 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a market cap of $616.26 billion, a P/E ratio of 33.44, a PEG ratio of 2.33 and a beta of 0.95. The firm has a 50-day moving average of $337.96 and a 200 day moving average of $310.62. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. 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 0.71%. Visa’s dividend payout ratio is currently 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.