Visa Inc. (NYSE:V) Stock Holdings Reduced by North Star Asset Management Inc.

North Star Asset Management Inc. cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 148,063 shares of the credit-card processor's stock after selling 1,151 shares during the period. Visa accounts for about 2.1% of North Star Asset Management Inc.'s investment portfolio, making the stock its 7th biggest holding. North Star Asset Management Inc.'s holdings in Visa were worth $46,794,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in V. Bradley & Co. Private Wealth Management LLC bought a new position in Visa in the fourth quarter valued at about $27,000. POM Investment Strategies LLC increased its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares during the period. Compass Planning Associates Inc acquired a new stake in Visa during the 4th quarter worth about $32,000. FPC Investment Advisory Inc. grew its stake in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after purchasing an additional 83 shares during the period. Finally, NewSquare Capital LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Bank of America raised their price objective on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Piper Sandler boosted their price objective on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Jefferies Financial Group upped their price objective on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday. UBS Group increased their price objective on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Citigroup reaffirmed a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $366.13.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. This trade represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% 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 in the last ninety days. 0.13% of the stock is owned by company insiders.

Visa Price Performance

Shares of NYSE V traded up $1.93 during mid-day trading on Thursday, hitting $361.66. 1,519,262 shares of the company's stock traded hands, compared to its average volume of 6,990,666. The company's 50-day moving average is $342.62 and its two-hundred day moving average is $332.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $667.32 billion, a P/E ratio of 36.46, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $369.15.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the business posted $2.51 earnings per share. The company's quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

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.