Metropolis Capital Ltd lessened its position in Visa Inc. (NYSE:V - Free Report) by 19.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 856,932 shares of the credit-card processor's stock after selling 213,348 shares during the quarter. Visa makes up 9.5% of Metropolis Capital Ltd's investment portfolio, making the stock its 4th largest holding. Metropolis Capital Ltd's holdings in Visa were worth $270,825,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new stake in Visa during the 4th quarter worth about $26,000. Peterson Financial Group Inc. purchased a new stake in Visa during the 3rd quarter worth about $26,000. Modus Advisors LLC purchased a new stake in Visa during the 4th quarter worth about $32,000. Reston Wealth Management LLC purchased a new stake in Visa during the 3rd quarter worth about $31,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in Visa during the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 82.15% of the company's stock.
Shares of V stock opened at $330.20 on Monday. The company has a market cap of $615.11 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The stock has a 50 day simple moving average of $314.95 and a 200-day simple moving average of $290.59. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $331.09. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.
Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.33 EPS. On average, equities analysts forecast that Visa Inc. will post 11.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. This is an increase from Visa's previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa's dividend payout ratio (DPR) is presently 24.25%.
V has been the topic of several recent research reports. Morgan Stanley upped their price target on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Barclays upped their price target on Visa from $319.00 to $347.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Royal Bank of Canada upped their price objective on Visa from $311.00 to $322.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Susquehanna upped their price objective on Visa from $339.00 to $375.00 and gave the stock a "positive" rating in a research report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods upped their price objective on Visa from $335.00 to $360.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and an average price target of $335.52.
Check Out Our Latest Analysis on V
In related news, insider Paul D. Fabara sold 2,171 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.
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.
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