Visa Inc. (NYSE:V) is TCW Group Inc.’s 5th largest holding.


TCW Group Inc. reduced its stake in Visa Inc. (NYSE:VGet a rating) by 7.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,089,964 shares of the credit card processor’s stock after selling 83,299 shares during the quarter. Visa makes up 2.8% of TCW Group Inc.’s investment portfolio, making the stock its 5th biggest holding. TCW Group Inc. owned 0.06% of Visa worth $214,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also bought and sold shares of V. Norges Bank purchased a new stake in Visa in the 4th quarter valued at $2,740,577,000. Wellington Management Group LLP boosted its position in shares of Visa by 33.1% in the 1st quarter. Wellington Management Group LLP now owns 22,222,170 shares of the credit card processor’s stock valued at $4,928,211,000 after buying an additional 5,527,427 shares in the last quarter. Lone Pine Capital LLC acquired a new stake in shares of Visa during the 4th quarter valued at $1,047,495,000. Invesco Ltd. grew its position in shares of Visa by 40.0% in the 1st quarter. Now Invesco Ltd. now owns 9,910,380 shares of the credit card processor’s stock valued at $2,197,824,000 after purchasing an additional 2,830,580 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Visa by 26.7% during the 1st quarter. Jennison Associates LLC now owns 12,637,834 shares of the credit card processor’s stock valued at $2,802,692,000 after buying an additional 2,664,511 shares in the last quarter. 81.49% of shares are owned by hedge funds and other institutional investors.

Visa Price Performance

Actions Visa stock opened at $177.65 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43, and a quick ratio of 1.43. The 50 day simple moving average is $202.40, and the two hundred day simple moving average is $206.21. The stock has a market cap of $335.83 billion, a P/E ratio of 26.20, a price-to-earnings ratio of 1.45 and a beta of 0.90. Visa Inc. has a 1-year low of $174.83 and a 1-year high of $236.96.

Visa (NYSE:VGet a rating) last published its quarterly earnings results on Tuesday, July 26th. The credit card processor reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.24. Visa’s return on equity was 46.39% and its net margin was 51.99%. The company had revenue of $7.28 billion for the quarter, compared to analyst estimates of $7.06 billion. Analysts predict that Visa Inc. will post 7.43 earnings per share for the current year.

Visa’s dividend announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were paid a dividend of $0.375 per share. This amounts to $1.50 in annualized dividends and a dividend yield of 0.84%. The ex-dividend date is Thursday, August 11. Visa’s payout ratio is currently 22.12%.

Analysts set new price targets

Several equities research analysts recently issued reports on the company. Truist Financial cut their price objective on Visa from $275.00 to $250.00 in a research report on Thursday, June 30th. Daiwa Capital Markets downgraded Visa from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $230.00 to $225.00 in a research report on Tuesday, August 16th. Morgan Stanley boosted their price target on Visa from $284.00 to $291.00 and gave the stock an “overweight” rating in a report on Wednesday, July 27th. Mizuho cut their price objective on Visa from $235.00 to $215.00 and gave the company a “neutral” rating in a report on Friday, July 1st. Finally, Citigroup cut their price target on Visa from $270.00 to $254.00 in a report on Tuesday, July 26th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Moderate Buy” and an average target price of $257.64, according to MarketBeat.

Insider trading

In related news, the CEO Alfred F. Kelly Jr sold 9,000 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $212.11, for a total transaction amounting to $1,908,990.00. Following the completion of the sale, the chief executive officer now owns 156,887 shares in the company, valued at $33,277,301.57. The transaction was disclosed in a document filed with the SEC, which can be accessed via this hyperlink. In related news, CEO Alfred F. Kelly, Jr. sold 6,000 shares of the company’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $180.00, for a total transaction amounting to $1,080,000.00. Following the completion of the sale, the chief executive officer now owns 153,887 shares in the company, valued at $27,699,660. The transaction was disclosed in a document filed with the SEC, which can be accessed via this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $212.11 for a total amount of $1,908,990.00. Following the sale, the chief executive officer now owns 156,887 shares in the company, valued at approximately $33,277,301.57. Disclosures for this sale can be found here here. Corporate insiders own 0.21% of the company’s shares.

Visa profile

(Get a rating)

Visa Inc operates as a payment technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, enterprises, strategic partners and government agencies. It operates VisaNet, a transaction processing network that provides authorization, payment and settlement for payment transactions.

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https://www.defenseworld.net/2022/10/01/visa-inc-nysev-is-tcw-group-inc-s-5th-largest-position.html Visa Inc. (NYSE:V) is TCW Group Inc.’s 5th largest holding.

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