Visa Inc. (NYSE:V) is Overbrook Management Corp's 7th Largest Position

Overbrook Management Corp trimmed its holdings in Visa Inc. (NYSE:V - Free Report) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,895 shares of the credit-card processor's stock after selling 2,962 shares during the period. Visa comprises about 5.2% of Overbrook Management Corp's investment portfolio, making the stock its 7th biggest position. Overbrook Management Corp's holdings in Visa were worth $22,042,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in V. Norges Bank bought a new position in shares of Visa during the fourth quarter valued at approximately $5,171,271,000. GAMMA Investing LLC lifted its holdings in Visa by 38,416.3% during the first quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock worth $5,173,271,000 after buying an additional 14,723,050 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Visa by 4.6% during 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 purchasing an additional 7,079,706 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Visa during the 4th quarter valued at $1,955,403,000. Finally, Northern Trust Corp raised its stake in Visa by 18.0% in the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock worth $5,771,116,000 after acquiring an additional 2,785,707 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares of the company's stock, valued at $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. Over the last three months, insiders sold 92,478 shares of company stock valued at $33,717,733. Insiders own 0.13% of the company's stock.

Visa Stock Performance

NYSE V traded up $0.36 during trading hours on Tuesday, hitting $355.41. The company had a trading volume of 6,651,559 shares, compared to its average volume of 6,874,506. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The company has a market cap of $655.79 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 2.39 and a beta of 0.92. The business has a 50 day moving average of $354.01 and a 200-day moving average of $340.47.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the firm posted $2.51 earnings per share. Visa's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a $0.59 dividend. 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

V has been the subject of a number of recent research reports. UBS Group lifted their price objective on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Truist Financial initiated coverage on Visa in a research note on Monday, June 2nd. They set a "buy" rating and a $400.00 price objective for the company. William Blair reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Barclays restated an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Finally, Jefferies Financial Group raised their target price on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $372.80.

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.