CenterBook Partners LP Sells 3,208 Shares of Visa Inc. (NYSE:V)

CenterBook Partners LP cut its holdings in Visa Inc. (NYSE:VFree Report) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,032 shares of the credit-card processor’s stock after selling 3,208 shares during the period. CenterBook Partners LP’s holdings in Visa were worth $5,215,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in V. CFS Investment Advisory Services LLC grew its stake in shares of Visa by 11.4% in the 4th quarter. CFS Investment Advisory Services LLC now owns 2,387 shares of the credit-card processor’s stock worth $621,000 after buying an additional 245 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in shares of Visa in the 4th quarter worth $33,000. Epoch Investment Partners Inc. grew its stake in shares of Visa by 255.1% in the 4th quarter. Epoch Investment Partners Inc. now owns 1,517,938 shares of the credit-card processor’s stock worth $395,195,000 after buying an additional 1,090,417 shares in the last quarter. Vinva Investment Management Ltd grew its stake in shares of Visa by 23.4% in the 4th quarter. Vinva Investment Management Ltd now owns 60,201 shares of the credit-card processor’s stock worth $15,676,000 after buying an additional 11,417 shares in the last quarter. Finally, Angeles Wealth Management LLC grew its stake in shares of Visa by 6.2% in the 4th quarter. Angeles Wealth Management LLC now owns 9,619 shares of the credit-card processor’s stock worth $2,504,000 after buying an additional 561 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

V stock traded up $1.63 during midday trading on Friday, hitting $278.67. 4,515,795 shares of the stock traded hands, compared to its average volume of 7,365,000. The firm has a market cap of $509.67 billion, a P/E ratio of 31.14, a PEG ratio of 1.90 and a beta of 0.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The stock’s fifty day simple moving average is $274.63 and its 200-day simple moving average is $271.57. Visa Inc. has a 1-year low of $221.37 and a 1-year high of $290.96.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $2.09 earnings per share. On average, analysts expect that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Mizuho lifted their price target on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Citigroup lifted their price target on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Wedbush boosted their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, TD Cowen assumed coverage on shares of Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $303.76.

Read Our Latest Research Report on Visa

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Visa news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,402 shares of company stock valued at $9,559,382. Corporate insiders own 0.19% of the company’s stock.

About Visa

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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