Catalina Capital Group LLC Trims Position in Visa Inc. (NYSE:V)

Catalina Capital Group LLC lowered its holdings in Visa Inc. (NYSE:V) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,824 shares of the credit-card processor’s stock after selling 102 shares during the period. Visa accounts for 1.0% of Catalina Capital Group LLC’s investment portfolio, making the stock its 19th biggest position. Catalina Capital Group LLC’s holdings in Visa were worth $3,105,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the 4th quarter valued at $26,000. Peterson Financial Group Inc. purchased a new stake in Visa during the third quarter valued at about $26,000. Modus Advisors LLC acquired a new stake in Visa during the fourth quarter worth about $32,000. Reston Wealth Management LLC purchased a new position in shares of Visa in the 3rd quarter worth about $31,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Visa in the 4th quarter valued at about $44,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of NYSE V opened at $349.27 on Thursday. The stock has a market capitalization of $650.64 billion, a P/E ratio of 35.21, a P/E/G ratio of 2.30 and a beta of 0.97. The firm’s 50-day moving average price is $319.07 and its two-hundred day moving average price is $294.37. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.25. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its quarterly earnings data 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 return on equity of 54.79% and a net margin of 54.27%. As a group, sell-side analysts forecast that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa’s dividend payout ratio is currently 23.79%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on V. UBS Group increased their target price on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Visa in a research note 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 stock a “buy” rating in a research report on Friday, January 31st. Barclays raised their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Macquarie upped their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,983 shares of company stock valued at $7,213,146 in the last quarter. Company insiders own 0.13% of the company’s stock.

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.