TCW Group Inc. Reduces Position in Visa Inc. (NYSE:V)

TCW Group Inc. lowered its position in Visa Inc. (NYSE:V) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 727,313 shares of the credit-card processor’s stock after selling 33,040 shares during the quarter. Visa makes up about 1.9% of TCW Group Inc.’s portfolio, making the stock its 8th biggest position. TCW Group Inc.’s holdings in Visa were worth $229,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. boosted its position in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after acquiring an additional 83 shares in the last quarter. ST. Nicholas Private Asset Management Inc. bought a new stake in Visa during the 4th quarter valued at $583,000. Fisher Funds Management LTD bought a new stake in Visa during the 4th quarter valued at $9,058,000. Pinnacle Financial Partners Inc boosted its position in Visa by 0.6% during the 4th quarter. Pinnacle Financial Partners Inc now owns 430,976 shares of the credit-card processor’s stock valued at $128,292,000 after acquiring an additional 2,369 shares in the last quarter. Finally, Capital City Trust Co. FL boosted its position in Visa by 1.0% during the 4th quarter. Capital City Trust Co. FL now owns 25,702 shares of the credit-card processor’s stock valued at $8,123,000 after acquiring an additional 264 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.3 %

V stock opened at $349.46 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $357.15. The stock has a market cap of $649.21 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 2.33 and a beta of 0.97. The business’s 50-day moving average is $329.81 and its 200 day moving average is $303.29.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

Insider Activity

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction 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. In the last 90 days, insiders have sold 55,885 shares of company stock valued at $19,161,447. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on V. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft raised their price objective on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Royal Bank of Canada raised their price objective on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Macquarie raised their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

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.