ASR Vermogensbeheer N.V. Takes $111.64 Million Position in Visa Inc. (NYSE:V)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately **$111.64 million** in Visa Inc., acquiring **318,559 shares**, which now constitutes about **1.7%** of their investment portfolio.
• Several institutional investors have significantly increased their stakes in Visa, with **GAMMA Investing LLC** raising its investment by **38,416.3%**, now holding shares valued at over **$5 billion**.
• Analysts have raised their price targets for Visa, with **Piper Sandler** and **Morgan Stanley** setting new objectives of **$384.00** and **$402.00**, respectively, leading to an average price target of **$380.84** among analysts.

ASR Vermogensbeheer N.V. purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 318,559 shares of the credit-card processor's stock, valued at approximately $111,638,000. Visa comprises about 1.7% of ASR Vermogensbeheer N.V.'s holdings, making the stock its 10th largest holding.

Several other institutional investors have also recently made changes to their positions in the company. Citizens Financial Group Inc. RI grew its holdings in shares of Visa by 0.3% in the first quarter. Citizens Financial Group Inc. RI now owns 101,576 shares of the credit-card processor's stock valued at $35,598,000 after purchasing an additional 287 shares in the last quarter. Strategy Asset Managers LLC increased its holdings in Visa by 3.0% during the 1st quarter. Strategy Asset Managers LLC now owns 7,478 shares of the credit-card processor's stock worth $2,621,000 after purchasing an additional 217 shares during the period. Hemington Wealth Management raised its position in Visa by 7.7% in the 1st quarter. Hemington Wealth Management now owns 2,425 shares of the credit-card processor's stock valued at $849,000 after purchasing an additional 173 shares in the last quarter. Roberts Glore & Co. Inc. IL lifted its stake in Visa by 1.2% in the first quarter. Roberts Glore & Co. Inc. IL now owns 4,641 shares of the credit-card processor's stock worth $1,626,000 after acquiring an additional 57 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC increased its holdings in Visa by 7.2% in the first quarter. Fi3 FINANCIAL ADVISORS LLC now owns 3,963 shares of the credit-card processor's stock valued at $1,389,000 after buying an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Piper Sandler raised their price objective on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. The Goldman Sachs Group started coverage on Visa in a research note on Monday, June 2nd. They issued a "neutral" rating for the company. Jefferies Financial Group lifted their price objective on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. William Blair reissued an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Finally, BMO Capital Markets upped 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. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $380.84.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider owned 26,413 shares in the company, valued at $9,772,810. The trade was a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,100 shares of company stock valued at $27,643,224 in the last ninety days. 0.13% of the stock is currently owned by company insiders.

Visa Trading Down 2.3%

V traded down $7.76 during trading on Thursday, hitting $331.98. The company's stock had a trading volume of 8,793,604 shares, compared to its average volume of 6,237,998. Visa Inc. has a twelve month low of $257.92 and a twelve month high of $375.51. The stock has a market cap of $612.55 billion, a PE ratio of 32.42, a PEG ratio of 2.27 and a beta of 0.94. The firm's 50 day moving average price is $353.36 and its 200-day moving average price is $346.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%. The firm had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same period in the prior year, the firm posted $2.42 earnings per share. The business's quarterly revenue was up 14.3% compared to the same quarter last year. On average, analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa's payout ratio is presently 23.05%.

Visa Company Profile

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.