Visa Inc. (NYSE:V) Shares Sold by KBC Group NV

KBC Group NV lowered its position in Visa Inc. (NYSE:V) by 27.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 843,563 shares of the credit-card processor’s stock after selling 316,136 shares during the period. Visa makes up about 0.7% of KBC Group NV’s investment portfolio, making the stock its 18th biggest position. KBC Group NV’s holdings in Visa were worth $266,600,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the 4th quarter worth approximately $26,000. Peterson Financial Group Inc. acquired a new position in shares of Visa in the third quarter worth $26,000. Modus Advisors LLC purchased a new stake in shares of Visa in the fourth quarter valued at $32,000. Reston Wealth Management LLC purchased a new stake in Visa during the 3rd quarter worth about $31,000. Finally, Sugar Maple Asset Management LLC acquired a new position in Visa in the 4th quarter valued at about $44,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Up 0.1 %

NYSE V opened at $334.80 on Wednesday. The stock has a market cap of $623.69 billion, a PE ratio of 34.41, a P/E/G ratio of 2.17 and a beta of 0.96. The business has a 50 day moving average price of $315.39 and a two-hundred day moving average price of $291.29. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $337.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the business earned $2.33 EPS. The business’s revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts predict that Visa Inc. will post 11.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on V. Mizuho lifted their price target on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Jefferies Financial Group boosted their price target on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Piper Sandler raised their price objective on Visa from $322.00 to $368.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada upped their target price on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Susquehanna raised their price target on Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $335.52.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Visa 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.