Visa Inc. (NYSE:V) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its stake in Visa Inc. (NYSE:V - Free Report) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,693,499 shares of the credit-card processor's stock after selling 28,219 shares during the period. Visa accounts for about 0.6% of Janus Henderson Group PLC's investment portfolio, making the stock its 24th largest position. Janus Henderson Group PLC owned approximately 0.20% of Visa worth $1,167,500,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of Visa during the 4th quarter worth about $5,171,271,000. Vanguard Group Inc. lifted its holdings in 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. bought a new position in Visa in the 4th quarter valued at about $1,955,403,000. Proficio Capital Partners LLC lifted its holdings in shares of Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after acquiring an additional 3,926,049 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Visa by 18.0% during 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 buying an additional 2,785,707 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 0.5%

Shares of Visa stock traded up $1.74 during trading on Tuesday, reaching $357.00. The company's stock had a trading volume of 628,452 shares, compared to its average volume of 6,633,033. The company has a 50-day simple moving average of $337.05 and a two-hundred day simple moving average of $327.84. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $663.23 billion, a price-to-earnings ratio of 36.01, a P/E/G 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 $366.54.

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 (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.51 earnings per share. As a group, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders 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 dividend yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. This represents a 59.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at $194,931. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,948 shares of company stock worth $41,548,282 in the last three months. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on V. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Raymond James reiterated an "outperform" rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Finally, Macquarie lowered their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $362.38.

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.