NorthStar Asset Management LLC NJ Lowers Holdings in Visa Inc. (NYSE:V)

NorthStar Asset Management LLC NJ trimmed its position in shares of Visa Inc. (NYSE:V) by 5.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,648 shares of the credit-card processor’s stock after selling 138 shares during the quarter. NorthStar Asset Management LLC NJ’s holdings in Visa were worth $837,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Anchor Investment Management LLC lifted its holdings in shares of Visa by 1.2% during the second quarter. Anchor Investment Management LLC now owns 101,450 shares of the credit-card processor’s stock valued at $26,627,000 after purchasing an additional 1,157 shares in the last quarter. Centaurus Financial Inc. raised its position in Visa by 72.5% in the 2nd quarter. Centaurus Financial Inc. now owns 18,396 shares of the credit-card processor’s stock worth $4,829,000 after buying an additional 7,734 shares during the last quarter. Ashburton Jersey Ltd bought a new position in Visa during the 2nd quarter valued at about $14,347,000. Mattson Financial Services LLC purchased a new stake in shares of Visa during the 2nd quarter valued at about $2,300,000. Finally, Global Wealth Strategies & Associates grew its stake in shares of Visa by 79.0% in the third quarter. Global Wealth Strategies & Associates now owns 179 shares of the credit-card processor’s stock worth $49,000 after acquiring an additional 79 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Up 2.2 %

Shares of V opened at $343.26 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $344.44. The company has a 50 day simple moving average of $316.43 and a two-hundred day simple moving average of $292.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $639.46 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. On average, equities analysts expect that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. Visa’s dividend payout ratio is currently 24.25%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

V has been the topic of several research reports. Robert W. Baird raised their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler raised their price target on Visa from $322.00 to $368.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada increased their target price on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Mizuho increased their price objective on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $335.52.

About Visa

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.