Achmea Investment Management B.V. Acquires 20,142 Shares of Visa Inc. (NYSE:V)

Achmea Investment Management B.V. raised its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 13.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 171,875 shares of the credit-card processor's stock after acquiring an additional 20,142 shares during the period. Visa makes up 0.9% of Achmea Investment Management B.V.'s holdings, making the stock its 16th largest position. Achmea Investment Management B.V.'s holdings in Visa were worth $60,235,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in V. Jaffetilchin Investment Partners LLC grew its holdings in shares of Visa by 2.9% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 20,884 shares of the credit-card processor's stock valued at $7,319,000 after buying an additional 580 shares during the period. Canvas Wealth Advisors LLC grew its holdings in shares of Visa by 7.3% in the 1st quarter. Canvas Wealth Advisors LLC now owns 2,322 shares of the credit-card processor's stock valued at $770,000 after buying an additional 158 shares during the period. Illinois Municipal Retirement Fund grew its holdings in shares of Visa by 16.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 119,121 shares of the credit-card processor's stock valued at $41,747,000 after buying an additional 17,257 shares during the period. Transcend Capital Advisors LLC grew its holdings in shares of Visa by 6.4% in the 1st quarter. Transcend Capital Advisors LLC now owns 32,362 shares of the credit-card processor's stock valued at $11,342,000 after buying an additional 1,953 shares during the period. Finally, Wolff Financial Management LLC grew its holdings in shares of Visa by 21.1% in the 1st quarter. Wolff Financial Management LLC now owns 3,154 shares of the credit-card processor's stock valued at $1,105,000 after buying an additional 550 shares during the period. Institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Evercore ISI assumed coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target for the company. Piper Sandler upped their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Macquarie reduced their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Jefferies Financial Group upped their target price on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Finally, Barclays reaffirmed an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $372.80.

Visa Trading Up 0.9%

Visa stock opened at $349.13 on Friday. The firm has a 50-day moving average of $353.30 and a 200-day moving average of $340.01. Visa Inc. has a one year low of $252.70 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $644.20 billion, a price-to-earnings ratio of 35.09, a P/E/G ratio of 2.34 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. Visa's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.51 EPS. On average, equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa's payout ratio is 23.72%.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $355.04, for a total value of $5,259,207.52. Following the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at $9,377,671.52. This represents a 35.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,098 shares of company stock valued at $36,738,526. 0.13% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.