OVERSEA CHINESE BANKING Corp Ltd Has $31.44 Million Position in Visa Inc. (NYSE:V)

OVERSEA CHINESE BANKING Corp Ltd trimmed its position in shares of Visa Inc. (NYSE:V) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,386 shares of the credit-card processor’s stock after selling 9,028 shares during the quarter. Visa makes up 0.9% of OVERSEA CHINESE BANKING Corp Ltd’s holdings, making the stock its 29th biggest holding. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Visa were worth $31,439,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in V. Decker Retirement Planning Inc. bought a new stake in Visa during the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa during the fourth quarter worth $27,000. POM Investment Strategies LLC grew its stake 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. Modus Advisors LLC acquired a new stake in Visa in the fourth quarter valued at $32,000. Finally, Compass Planning Associates Inc bought a new position in Visa during the 4th quarter worth $32,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated 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 sale, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $194,931. The trade was a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the 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 transaction, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,855 shares of company stock valued at $35,165,827 over the last three months. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

V has been the topic of a number of analyst reports. Citigroup reiterated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. The Goldman Sachs Group upped their price target on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Oppenheimer reissued an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $353.96.

Visa Trading Down 0.1 %

Shares of Visa stock opened at $334.30 on Wednesday. The company has a market capitalization of $621.06 billion, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The stock has a fifty day simple moving average of $338.84 and a 200 day simple moving average of $312.02. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. 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 (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. Visa’s payout ratio is presently 23.79%.

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.