Visa Inc. (NYSE:V) is Aviva PLC’s 10th Largest Position

Aviva PLC reduced its position in Visa Inc. (NYSE:V) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,816,863 shares of the credit-card processor’s stock after selling 48,205 shares during the period. Visa accounts for approximately 1.5% of Aviva PLC’s portfolio, making the stock its 10th largest holding. Aviva PLC owned approximately 0.10% of Visa worth $574,201,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new position in shares of Visa in the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa in the fourth quarter worth $27,000. POM Investment Strategies LLC grew its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares in the last quarter. Modus Advisors LLC bought a new position in Visa in the 4th quarter worth about $32,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Visa during the 4th quarter valued at about $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

V has been the topic of a number of research analyst reports. UBS Group increased their price target on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a report on Thursday, February 13th. Citigroup restated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Oppenheimer reiterated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Finally, William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $355.84.

Visa Stock Down 7.6 %

NYSE:V opened at $313.46 on Friday. The firm has a 50-day simple moving average of $345.02 and a two-hundred day simple moving average of $316.89. The firm has a market cap of $582.34 billion, a P/E ratio of 31.60, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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%. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at $188,186.28. This trade represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock worth $48,842,490 over the last three months. 0.13% of the stock is currently owned by company 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.