Winfield Associates Inc. Sells 5,874 Shares of Visa Inc. (NYSE:V)

Winfield Associates Inc. decreased its position in shares of Visa Inc. (NYSE:V) by 23.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,714 shares of the credit-card processor’s stock after selling 5,874 shares during the period. Visa makes up about 1.6% of Winfield Associates Inc.’s investment portfolio, making the stock its 12th largest position. Winfield Associates Inc.’s holdings in Visa were worth $4,391,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of V. Danda Trouve Investment Management Inc. bought a new position in shares of Visa in the second quarter worth about $25,000. Delos Wealth Advisors LLC bought a new position in shares of Visa in the second quarter worth about $29,000. Baldrige Asset Management LLC bought a new position in shares of Visa in the second quarter worth about $40,000. FFT Wealth Management LLC bought a new position in shares of Visa in the second quarter worth about $46,000. Finally, Financial Management Professionals Inc. grew its holdings in shares of Visa by 38.9% in the second quarter. Financial Management Professionals Inc. now owns 207 shares of the credit-card processor’s stock worth $48,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 80.54% of the company’s stock.

Shares of V traded up $4.76 on Thursday, hitting $203.25. The company’s stock had a trading volume of 12,022,669 shares, compared to its average volume of 8,681,419. The company has a quick ratio of 2.00, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average price is $219.79 and its 200-day moving average price is $228.86. Visa Inc. has a fifty-two week low of $192.81 and a fifty-two week high of $252.67. The firm has a market capitalization of $395.92 billion, a price-to-earnings ratio of 36.10, a P/E/G ratio of 1.88 and a beta of 0.92.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 26th. The credit-card processor reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.09. Visa had a return on equity of 37.62% and a net margin of 51.07%. The business had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.51 billion. During the same quarter in the prior year, the business earned $1.12 EPS. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis. As a group, equities analysts predict that Visa Inc. will post 7.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 7th. Stockholders of record on Friday, November 12th will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, November 10th. This is a boost from Visa’s previous quarterly dividend of $0.32. This represents a $1.50 annualized dividend and a dividend yield of 0.74%. Visa’s payout ratio is presently 26.64%.

In other news, President Ryan Mcinerney sold 11,193 shares of the company’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $229.10, for a total value of $2,564,316.30. Following the sale, the president now directly owns 11,193 shares of the company’s stock, valued at approximately $2,564,316.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction dated Friday, October 29th. The stock was sold at an average price of $208.57, for a total transaction of $1,877,130.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,580 shares of company stock valued at $11,376,866. 0.19% of the stock is owned by corporate insiders.

A number of analysts recently weighed in on V shares. Truist upped their price objective on shares of Visa from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. JPMorgan Chase & Co. increased their price target on shares of Visa from $267.00 to $277.00 and gave the company an “overweight” rating in a research report on Wednesday, October 27th. Compass Point increased their price target on shares of Visa from $265.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Morgan Stanley decreased their price target on shares of Visa from $282.00 to $280.00 and set an “overweight” rating for the company in a research report on Wednesday, October 27th. Finally, Susquehanna Bancshares increased their price target on shares of Visa from $265.00 to $290.00 and gave the company a “positive” rating in a research report on Wednesday, July 28th. Two analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $270.11.

Visa Profile

Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM.

Further Reading: Dividend Aristocrat Index

Institutional Ownership by Quarter for Visa (NYSE:V)

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