Banque Transatlantique SA Invests $189.89 Million in Visa Inc. (NYSE:V)

Banque Transatlantique SA purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 609,360 shares of the credit-card processor's stock, valued at approximately $189,888,000. Visa makes up about 4.5% of Banque Transatlantique SA's investment portfolio, making the stock its 6th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. purchased a new position in shares of Visa in the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa in the fourth quarter worth approximately $27,000. POM Investment Strategies LLC grew its holdings in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after acquiring an additional 32 shares in the last quarter. Modus Advisors LLC acquired a new position in Visa during the 4th quarter worth approximately $32,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Visa in the 4th quarter valued at $32,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel now owns 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the transaction, the insider now owns 26,413 shares of the company's stock, valued at $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,208 shares of company stock valued at $48,905,978 over the last quarter. Corporate insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of NYSE:V traded down $0.36 on Tuesday, reaching $348.28. 3,429,903 shares of the company were exchanged, compared to its average volume of 7,223,001. The firm has a market cap of $647.02 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The company has a 50-day moving average of $337.57 and a 200-day moving average of $325.48. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the previous year, the firm posted $2.51 earnings per share. Visa's revenue was up 9.3% on a year-over-year basis. Equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio (DPR) is currently 23.72%.

Analyst Ratings Changes

Several research firms recently commented on V. Piper Sandler increased their target price on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Raymond James restated an "outperform" rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Finally, BMO Capital Markets boosted their price objective on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $362.38.

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.