Arrowstreet Capital Limited Partnership Raises Stock Position in Visa Inc. (NYSE:V)

Arrowstreet Capital Limited Partnership raised its position in Visa Inc. (NYSE:V) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,927,565 shares of the credit-card processor’s stock after acquiring an additional 135,022 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.10% of Visa worth $609,188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of V. Decker Retirement Planning Inc. acquired a new position in shares of Visa during the fourth quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa in the 4th quarter valued at $27,000. POM Investment Strategies LLC raised its stake in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Modus Advisors LLC purchased a new stake in Visa during the 4th quarter valued at about $32,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Visa in the fourth quarter valued at about $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on V. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday. Oppenheimer reiterated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Piper Sandler restated an “overweight” rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $355.84.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at $8,991,249.33. This trade represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Down 2.1 %

NYSE V opened at $342.62 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $636.51 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 2.33 and a beta of 0.95. The firm has a 50 day simple moving average of $343.60 and a 200-day simple moving average of $315.27. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

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

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

About Visa

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.