3,659 Shares in Visa Inc. (NYSE:V) Bought by Tema Etfs LLC

Tema Etfs LLC bought a new position in Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 3,659 shares of the credit-card processor's stock, valued at approximately $1,156,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Visa by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Visa by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock valued at $12,729,901,000 after purchasing an additional 1,689,926 shares in the last quarter. Capital International Investors boosted its stake in shares of Visa by 3.8% during the 4th quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor's stock valued at $7,526,660,000 after purchasing an additional 866,596 shares in the last quarter. Capital World Investors boosted its stake in shares of Visa by 1.0% during the 4th quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor's stock valued at $7,356,614,000 after purchasing an additional 241,057 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Visa by 18.0% during the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after purchasing an additional 2,785,707 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Up 0.8%

Shares of Visa stock opened at $365.23 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50-day simple moving average of $338.59 and a two-hundred day simple moving average of $329.61. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The stock has a market capitalization of $673.90 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. 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 company earned $2.51 earnings per share. The firm's quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders 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 dividend yield of 0.65%. Visa's payout ratio is 23.72%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on V. Evercore ISI began coverage on shares of Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price on the stock. BMO Capital Markets lifted their target price on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Finally, Susquehanna reissued a "positive" rating on shares of Visa in a research note on Friday, March 21st. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Visa has a consensus rating of "Moderate Buy" and a consensus target price of $362.38.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company'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 directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,948 shares of company stock valued at $41,548,282 over the last three months. 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.

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