Visa Inc. (NYSE:V) Shares Sold by Nan Shan Life Insurance Co. Ltd.

Nan Shan Life Insurance Co. Ltd. cut its position in Visa Inc. (NYSE:V - Free Report) by 71.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 125,386 shares of the credit-card processor's stock after selling 316,490 shares during the period. Nan Shan Life Insurance Co. Ltd.'s holdings in Visa were worth $39,627,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Decker Retirement Planning Inc. bought a new position in Visa in the 4th quarter worth $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the fourth quarter worth about $27,000. POM Investment Strategies LLC increased its holdings in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Compass Planning Associates Inc purchased a new position in Visa in the fourth quarter worth about $32,000. Finally, FPC Investment Advisory Inc. grew its position in Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after acquiring an additional 83 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

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

Visa Stock Up 0.8%

Shares of V stock traded up $2.93 during trading hours on Friday, reaching $365.23. 5,829,909 shares of the company's stock were exchanged, compared to its average volume of 7,022,771. The stock's 50 day moving average is $338.59 and its 200-day moving average is $329.34. The company has a market cap of $678.51 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 2.33 and a beta of 0.96. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54.

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

Visa Dividend Announcement

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

Wall Street Analysts Forecast Growth

V has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. StockNews.com upgraded Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Piper Sandler boosted their target price on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Finally, Raymond James restated an "outperform" rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $362.38.

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.