TCW Group Inc. Has $245.41 Million Stock Position in Visa Inc. (NYSE:V)

Key Points

• TCW Group Inc. has reduced its holdings in Visa Inc. by 3.7%, now owning 700,249 shares valued at approximately $245.4 million.
• Insider trading activity includes a significant sell-off, with CEO Ryan Mcinerney reducing his ownership by 94.14%, amounting to 8,630 shares sold at an average price of $353.82.
• Analysts have been raising their target prices for Visa, with Mizuho upgrading their rating from "neutral" to "outperform" and increasing their target price from $359 to $425.

TCW Group Inc. trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 3.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 700,249 shares of the credit-card processor's stock after selling 27,064 shares during the period. Visa comprises about 2.2% of TCW Group Inc.'s portfolio, making the stock its 8th biggest position. TCW Group Inc.'s holdings in Visa were worth $245,409,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in V. Brighton Jones LLC increased its stake in 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 during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after acquiring an additional 4,817 shares during the last quarter. Horizon Investment Services LLC grew its position in shares of Visa by 4.5% during the fourth quarter. Horizon Investment Services LLC now owns 15,841 shares of the credit-card processor's stock worth $5,007,000 after acquiring an additional 682 shares during the last quarter. RiverFront Investment Group LLC grew its position in shares of Visa by 19.8% during the fourth quarter. RiverFront Investment Group LLC now owns 32,371 shares of the credit-card processor's stock worth $10,231,000 after acquiring an additional 5,343 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Visa by 17.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 104,065 shares of the credit-card processor's stock worth $32,889,000 after acquiring an additional 15,356 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

V has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Jefferies Financial Group raised their target price on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Oppenheimer raised their target price on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Piper Sandler raised their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley raised their target price on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Visa has an average rating of "Moderate Buy" and an average target price of $379.04.

Visa Stock Down 0.6%

Shares of V traded down $1.96 during trading on Thursday, reaching $348.95. The company's stock had a trading volume of 4,002,854 shares, compared to its average volume of 6,584,005. The company has a fifty day moving average of $355.61 and a two-hundred day moving average of $345.86. Visa Inc. has a twelve month low of $254.51 and a twelve month high of $375.51. The company has a market cap of $643.87 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 2.37 and a beta of 0.92. 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 issued its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. Visa had a return on equity of 59.03% and a net margin of 52.16%. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the previous year, the business earned $2.42 EPS. The business's quarterly revenue was up 14.3% on a year-over-year basis. On average, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's payout ratio is currently 23.05%.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the transaction, the insider owned 26,413 shares of the company's stock, valued at approximately $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,913 shares of company stock valued at $32,902,432. 0.13% of the stock is owned by company insiders.

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.