O Shaughnessy Asset Management LLC Has $145.38 Million Stock Position in Visa Inc. $V

O Shaughnessy Asset Management LLC trimmed its position in Visa Inc. (NYSE:VFree Report) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 414,539 shares of the credit-card processor’s stock after selling 7,061 shares during the period. Visa comprises approximately 0.8% of O Shaughnessy Asset Management LLC’s portfolio, making the stock its 15th largest holding. O Shaughnessy Asset Management LLC’s holdings in Visa were worth $145,383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Visa by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock worth $56,455,834,000 after buying an additional 1,054,343 shares during the last quarter. Geode Capital Management LLC lifted its stake in Visa by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor’s stock valued at $15,411,395,000 after acquiring an additional 388,996 shares in the last quarter. Capital World Investors lifted its stake in Visa by 0.8% in the 3rd quarter. Capital World Investors now owns 24,792,246 shares of the credit-card processor’s stock valued at $8,463,484,000 after acquiring an additional 193,288 shares in the last quarter. Capital International Investors lifted its stake in Visa by 1.1% in the 4th quarter. Capital International Investors now owns 21,516,371 shares of the credit-card processor’s stock valued at $7,547,169,000 after acquiring an additional 244,085 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Visa during the 4th quarter worth approximately $5,877,738,000. Institutional investors own 82.15% of the company’s stock.

Key Visa News

Here are the key news stories impacting Visa this week:

Insider Buying and Selling

In other Visa news, Director Lloyd Carney sold 650 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the sale, the director directly owned 2,679 shares in the company, valued at $829,471.98. The trade was a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Chris Suh sold 10,639 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the sale, the chief financial officer owned 9,872 shares in the company, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 42,744 shares of company stock worth $14,356,010. 0.12% of the stock is owned by company insiders.

Visa Trading Up 0.1%

Shares of V stock opened at $324.03 on Monday. The company has a market cap of $581.23 billion, a P/E ratio of 28.23, a PEG ratio of 1.73 and a beta of 0.77. The stock has a 50 day simple moving average of $316.53 and a two-hundred day simple moving average of $324.48. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $375.51.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.75 billion. During the same quarter last year, the firm posted $2.76 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. Research analysts forecast that Visa Inc. will post 13.09 earnings per share for the current year.

Visa declared that its board has initiated a share repurchase program on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is 23.34%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on V. Evercore set a $350.00 price objective on Visa in a research note on Wednesday, April 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $389.00 price objective on shares of Visa in a report on Wednesday, April 29th. Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Truist Financial set a $371.00 target price on Visa and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Bank of America assumed coverage on Visa in a research report on Thursday, March 5th. They set a “buy” rating and a $410.00 price objective for the company. Six analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $387.78.

View Our Latest Stock Analysis on Visa

Visa Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

See Also

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.