AR Asset Management Inc. Buys 3,325 Shares of Visa Inc. $V

Key Points

• AR Asset Management increased its Visa stake by 386.6% in the fourth quarter, buying 3,325 additional shares and bringing its total holdings to 4,185 shares valued at about $1.47 million.
• Visa continues to attract heavy institutional interest, with 82.15% of the stock owned by institutional investors and several firms making large recent additions to their positions.
• Visa reported strong quarterly results, beating earnings and revenue estimates, while also announcing a $20 billion share buyback and a quarterly dividend of $0.67 per share.

AR Asset Management Inc. lifted its stake in Visa Inc. (NYSE:V - Free Report) by 386.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,185 shares of the credit-card processor's stock after acquiring an additional 3,325 shares during the period. AR Asset Management Inc.'s holdings in Visa were worth $1,468,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in V. Corient Private Wealth LLC raised its position in shares of Visa by 110.4% in the second quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor's stock worth $1,396,930,000 after buying an additional 2,075,289 shares in the last quarter. Holocene Advisors LP boosted its stake in Visa by 286.4% during the third quarter. Holocene Advisors LP now owns 2,526,026 shares of the credit-card processor's stock valued at $862,335,000 after buying an additional 1,872,362 shares during the period. SG Americas Securities LLC boosted its stake in Visa by 121.7% during the fourth quarter. SG Americas Securities LLC now owns 3,022,411 shares of the credit-card processor's stock valued at $1,059,990,000 after buying an additional 1,658,954 shares during the period. Danske Bank A S bought a new stake in Visa during the third quarter valued at $565,684,000. Finally, Capital Research Global Investors boosted its stake in Visa by 73.4% during the third quarter. Capital Research Global Investors now owns 3,197,405 shares of the credit-card processor's stock valued at $1,091,528,000 after buying an additional 1,353,441 shares during the period. 82.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Piper Sandler set a $160.00 price objective on Visa in a research note on Wednesday, January 28th. Oppenheimer reissued an "outperform" rating and set a $403.00 price objective (up from $391.00) on shares of Visa in a research note on Wednesday, April 29th. Weiss Ratings lowered Visa from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, April 16th. Macquarie Infrastructure reissued an "outperform" rating and set a $410.00 price objective on shares of Visa in a research note on Friday, January 30th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $400.00 price objective on shares of Visa in a research note on Wednesday, April 29th. Six investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Visa has an average rating of "Buy" and a consensus price target of $387.67.

Visa Trading Up 0.1%

NYSE V opened at $329.21 on Tuesday. The stock's 50-day simple moving average is $313.23 and its two-hundred day simple moving average is $325.27. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $375.51. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $590.53 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 1.76 and a beta of 0.78.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, beating analysts' consensus estimates of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.75 billion. During the same quarter last year, the business posted $2.76 earnings per share. The company's revenue for the quarter was up 17.1% on a year-over-year basis. Research analysts forecast that Visa Inc. will post 13.09 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be issued a $0.67 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa's payout ratio is currently 23.34%.

Visa declared that its board has approved a stock buyback program on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 650 shares of Visa stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the transaction, the director owned 2,679 shares in the company, valued at approximately $829,471.98. The trade was a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the transaction, the chief financial officer owned 9,872 shares in the company, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 42,744 shares of company stock worth $14,356,010. Company insiders own 0.12% of the company's stock.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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