Norden Group LLC reduced its position in Visa Inc. (NYSE:V – Free Report) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,912 shares of the credit-card processor’s stock after selling 1,430 shares during the quarter. Visa makes up about 0.5% of Norden Group LLC’s holdings, making the stock its 16th largest position. Norden Group LLC’s holdings in Visa were worth $3,362,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Trifecta Capital Advisors LLC boosted its holdings in shares of Visa by 2.7% in the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock worth $4,641,000 after acquiring an additional 536 shares during the period. Jmac Enterprises LLC grew its holdings in Visa by 20.5% during the 3rd quarter. Jmac Enterprises LLC now owns 2,188 shares of the credit-card processor’s stock valued at $503,000 after buying an additional 372 shares in the last quarter. Roof Eidam Maycock Peralta LLC increased its position in shares of Visa by 0.7% during the third quarter. Roof Eidam Maycock Peralta LLC now owns 9,533 shares of the credit-card processor’s stock valued at $2,193,000 after buying an additional 65 shares during the period. Riversedge Advisors LLC lifted its holdings in shares of Visa by 48.5% in the third quarter. Riversedge Advisors LLC now owns 2,130 shares of the credit-card processor’s stock worth $490,000 after buying an additional 696 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in shares of Visa by 8.3% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 9,852 shares of the credit-card processor’s stock valued at $2,266,000 after acquiring an additional 751 shares during the period. 82.15% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Visa
In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,874 shares of company stock valued at $5,506,827. 0.19% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Visa
Visa Trading Down 0.4 %
NYSE:V traded down $1.18 during midday trading on Tuesday, reaching $270.66. 2,275,473 shares of the stock traded hands, compared to its average volume of 5,884,900. The stock has a market capitalization of $497.07 billion, a P/E ratio of 30.22, a PEG ratio of 1.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The company has a fifty day moving average of $279.11 and a 200 day moving average of $264.97. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96.
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.09 earnings per share. On average, research analysts predict that Visa Inc. will post 9.89 EPS for the current year.
Visa Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.
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.
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