Lbp Am Sa Decreases Position in Visa Inc. (NYSE:V)

Lbp Am Sa trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 12.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 672,495 shares of the credit-card processor's stock after selling 94,694 shares during the quarter. Visa makes up about 3.6% of Lbp Am Sa's investment portfolio, making the stock its 4th biggest position. Lbp Am Sa's holdings in Visa were worth $235,683,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Sovereign Investment Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $424,000. Brighton Jones LLC increased its holdings in shares of Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after purchasing an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after purchasing an additional 4,817 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Visa by 2.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 639,608 shares of the credit-card processor's stock valued at $202,142,000 after purchasing an additional 14,367 shares in the last quarter. Finally, Highview Capital Management LLC DE increased its holdings in shares of Visa by 3.1% in the fourth quarter. Highview Capital Management LLC DE now owns 19,997 shares of the credit-card processor's stock valued at $6,320,000 after purchasing an additional 604 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the sale, the insider owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,108 shares of company stock worth $36,771,200 over the last ninety days. Company insiders own 0.13% of the company's stock.

Visa Trading Down 0.6%

Shares of NYSE V opened at $355.56 on Friday. The company's fifty day moving average is $356.93 and its 200-day moving average is $342.37. The stock has a market cap of $656.07 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 2.43 and a beta of 0.92. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period last year, the firm posted $2.51 earnings per share. The business's quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa's payout ratio is 23.72%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on V shares. Piper Sandler raised their price target on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. The Goldman Sachs Group started coverage on shares of Visa in a report on Monday, June 2nd. They issued a "neutral" rating for the company. Macquarie lowered their price target on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. UBS Group raised their price target on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Finally, William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $372.84.

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.

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