C WorldWide Group Holding A S Has $712.19 Million Stock Holdings in Visa Inc. (NYSE:V)

C WorldWide Group Holding A S lessened its stake in Visa Inc. (NYSE:V) by 7.9% in the fourth quarter, HoldingsChannel reports. The firm owned 2,253,475 shares of the credit-card processor’s stock after selling 192,330 shares during the period. Visa makes up approximately 8.7% of C WorldWide Group Holding A S’s holdings, making the stock its largest holding. C WorldWide Group Holding A S’s holdings in Visa were worth $712,188,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Riverstone Advisors LLC bought a new stake in Visa during the fourth quarter valued at approximately $217,000. Custom Index Systems LLC bought a new stake in shares of Visa during the 3rd quarter valued at $731,000. Journey Strategic Wealth LLC grew its position in shares of Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after acquiring an additional 1,361 shares during the period. Copley Financial Group Inc. bought a new stake in shares of Visa during the 3rd quarter valued at $616,000. Finally, Calamos Wealth Management LLC grew its position in shares of Visa by 0.6% during the 4th quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock valued at $24,475,000 after acquiring an additional 435 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Visa stock opened at $352.00 on Wednesday. The company’s 50-day moving average price is $330.49 and its 200-day moving average price is $303.94. 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 $653.93 billion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $357.15.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s payout ratio is presently 23.79%.

Analysts Set New Price Targets

V has been the subject of several recent research reports. Citigroup reissued a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Oppenheimer reiterated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Royal Bank of Canada boosted their price objective on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. UBS Group upped their price target on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets upped their price target on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Six equities research 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 stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Insider Activity at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,885 shares of company stock worth $19,161,447. Company insiders own 0.13% of the company’s stock.

About Visa

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.