MassMutual Private Wealth & Trust FSB Has $55.68 Million Stake in Visa Inc. (NYSE:V)

MassMutual Private Wealth & Trust FSB cut its stake in Visa Inc. (NYSE:V - Free Report) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 158,884 shares of the credit-card processor's stock after selling 2,058 shares during the quarter. Visa comprises approximately 1.6% of MassMutual Private Wealth & Trust FSB's investment portfolio, making the stock its 11th biggest position. MassMutual Private Wealth & Trust FSB's holdings in Visa were worth $55,682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Visa by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after acquiring an additional 7,079,706 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Visa by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock valued at $12,729,901,000 after buying an additional 1,689,926 shares during the period. Capital International Investors boosted its stake in shares of Visa by 3.8% in the 4th quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor's stock valued at $7,526,660,000 after buying an additional 866,596 shares during the period. Capital World Investors boosted its stake in shares of Visa by 1.0% in the 4th quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor's stock valued at $7,356,614,000 after buying an additional 241,057 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Visa by 18.0% in the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after buying an additional 2,785,707 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 14,813 shares of Visa stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $9,377,671.52. The trade was a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock valued at $41,548,282 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on V. Citigroup reiterated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Oppenheimer restated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. William Blair restated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Jefferies Financial Group boosted their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Macquarie decreased their target price on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $366.13.

Visa Stock Performance

NYSE V traded up $3.03 during trading on Friday, reaching $365.43. 8,725,642 shares of the company's stock were exchanged, compared to its average volume of 7,023,744. The business has a 50 day moving average price of $342.99 and a 200-day moving average price of $333.16. The stock has a market capitalization of $674.28 billion, a P/E ratio of 36.84, a PEG ratio of 2.33 and a beta of 0.96. 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 Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $369.15.

Visa (NYSE:V - Get Free Report) last announced its 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. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.51 earnings per share. Sell-side analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

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.