Twin Tree Management LP Has $5.03 Million Stake in Visa Inc. $V

Key Points

• Twin Tree Management LP has reduced its stake in Visa Inc. by 71.5%, owning 14,352 shares worth approximately $5.03 million after selling 36,022 shares in the first quarter.
• Visa's quarterly earnings reported $2.98 earnings per share, surpassing estimates, with revenue of $10.17 billion, a 14.3% increase compared to last year.
• The company declared a quarterly dividend of $0.59 per share, translating to a 0.7% yield and a dividend payout ratio of 23.05%.

Twin Tree Management LP decreased its position in shares of Visa Inc. (NYSE:V - Free Report) by 71.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,352 shares of the credit-card processor's stock after selling 36,022 shares during the period. Twin Tree Management LP's holdings in Visa were worth $5,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after buying an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC raised 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 valued at $3,733,000 after buying an additional 4,817 shares during the last quarter. Apex Wealth Management LLC acquired a new position in shares of Visa during the fourth quarter valued at about $271,000. Freestone Grove Partners LP acquired a new position in shares of Visa during the fourth quarter valued at about $926,000. Finally, Gallagher Fiduciary Advisors LLC acquired a new position in shares of Visa during the fourth quarter valued at about $258,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Price Performance

Shares of Visa stock opened at $351.92 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $645.00 billion, a price-to-earnings ratio of 34.37, a P/E/G ratio of 2.34 and a beta of 0.94. Visa Inc. has a 1-year low of $268.23 and a 1-year high of $375.51. The firm's 50-day moving average price is $348.35 and its two-hundred day moving average price is $347.42.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to analysts' expectations of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.42 earnings per share. On average, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa's dividend payout ratio is currently 23.05%.

Wall Street Analyst Weigh In

V has been the subject of a number of research analyst reports. Truist Financial cut their price objective on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Macquarie upped their price objective on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. The Goldman Sachs Group began coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "neutral" rating for the company. Morgan Stanley increased their price target on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $380.84.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,127 shares of company stock valued at $28,340,553. 0.13% of the stock is currently owned by insiders.

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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