Capital Research Global Investors Has $1.09 Billion Holdings in Visa Inc. $V

Key Points

• Capital Research Global Investors boosted its Visa stake by 73.4%, adding 1,353,441 shares to hold 3,197,405 shares valued at about $1.09 billion.
• Other big institutional moves include Norges Bank buying a new Visa stake worth roughly $7.03 billion and Vanguard holding 162,544,006 shares (~$57.7 billion), with institutional ownership around 82.15%.
• Visa beat quarterly estimates with $3.17 EPS and $10.90 billion revenue (up 14.6% YoY), has a market cap near $573.7 billion, and a consensus analyst rating of Buy (average target $392.65).

Capital Research Global Investors boosted its stake in Visa Inc. (NYSE:V - Free Report) by 73.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,197,405 shares of the credit-card processor's stock after purchasing an additional 1,353,441 shares during the period. Capital Research Global Investors owned about 0.17% of Visa worth $1,091,528,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Norges Bank bought a new stake in Visa in the second quarter valued at approximately $7,034,939,000. TCI Fund Management Ltd. raised its holdings in Visa by 14.6% during the 2nd quarter. TCI Fund Management Ltd. now owns 19,067,558 shares of the credit-card processor's stock worth $6,769,936,000 after purchasing an additional 2,429,996 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Visa by 110.4% during the 2nd quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor's stock worth $1,396,930,000 after purchasing an additional 2,075,289 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Visa by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 162,544,006 shares of the credit-card processor's stock worth $57,711,249,000 after purchasing an additional 1,461,575 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Visa by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 43,096,802 shares of the credit-card processor's stock valued at $15,253,245,000 after purchasing an additional 1,067,631 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

V stock opened at $316.03 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The business has a 50-day simple moving average of $328.80 and a two-hundred day simple moving average of $337.05. The company has a market capitalization of $573.65 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.82 and a beta of 0.78. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating analysts' consensus estimates of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The company had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter last year, the company earned $2.75 earnings per share. The company's revenue for the quarter was up 14.6% on a year-over-year basis. Research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa's dividend payout ratio (DPR) is currently 25.14%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on V. HSBC upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 8th. Bank of America began coverage on Visa in a research note on Thursday, March 5th. They set a "buy" rating and a $410.00 target price for the company. TD Cowen reiterated a "buy" rating on shares of Visa in a report on Friday, January 30th. Daiwa Securities Group upgraded Visa from a "neutral" rating to an "outperform" rating and set a $370.00 price target on the stock in a report on Monday, February 2nd. Finally, UBS Group reaffirmed a "buy" rating on shares of Visa in a research report on Tuesday, January 13th. Seven research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $392.65.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the business's stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the transaction, the chief executive officer directly owned 9,401 shares of the company's stock, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.