Criteria Caixa S.A.U. Acquires 11,720 Shares of Visa Inc. $V

Key Points

• Criteria Caixa S.A.U. increased its holdings in Visa Inc. by 20.3% in Q2, acquiring an additional 11,720 shares and bringing its total ownership to 69,398 shares, valued at approximately $24.64 million.
• Several hedge funds modified their holdings in Visa, including Yeomans Consulting Group, Semus Wealth Partners, and BankPlus Wealth Management, with institutional investors owning 82.15% of the stock.
• Visa's latest earnings report showed an EPS of $2.98, exceeding estimates, with revenues of $10.17 billion for the quarter, marking a 14.3% year-over-year increase.

Criteria Caixa S.A.U. grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 20.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,398 shares of the credit-card processor's stock after acquiring an additional 11,720 shares during the period. Visa comprises approximately 2.7% of Criteria Caixa S.A.U.'s holdings, making the stock its 11th largest position. Criteria Caixa S.A.U.'s holdings in Visa were worth $24,640,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Yeomans Consulting Group Inc. lifted its holdings in Visa by 2.9% during the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after purchasing an additional 29 shares in the last quarter. Semus Wealth Partners LLC lifted its holdings in Visa by 0.8% during the first quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after purchasing an additional 29 shares in the last quarter. BankPlus Wealth Management LLC lifted its holdings in Visa by 0.9% during the second quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor's stock valued at $1,185,000 after purchasing an additional 29 shares in the last quarter. Transcendent Capital Group LLC lifted its holdings in Visa by 2.9% during the second quarter. Transcendent Capital Group LLC now owns 1,013 shares of the credit-card processor's stock valued at $360,000 after purchasing an additional 29 shares in the last quarter. Finally, Wood Tarver Financial Group LLC lifted its holdings in Visa by 11.1% during the first quarter. Wood Tarver Financial Group LLC now owns 301 shares of the credit-card processor's stock valued at $105,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the sale, the chief executive officer owned 537 shares of the company's stock, valued at approximately $183,815.10. This represents a 95.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on V shares. Truist Financial decreased their price target on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Barclays reissued an "overweight" rating and issued a $408.00 price target (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. Robert W. Baird set a $410.00 price target on shares of Visa and gave the stock an "outperform" rating in a research note on Monday, October 6th. Erste Group Bank downgraded shares of Visa from a "buy" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Visa in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $389.00.

Visa Price Performance

Shares of V stock opened at $335.01 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The firm's 50-day moving average is $344.20 and its two-hundred day moving average is $346.87. Visa Inc. has a 12 month low of $280.78 and a 12 month high of $375.51. The company has a market capitalization of $614.00 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90.

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

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa's dividend payout ratio (DPR) is currently 23.05%.

Visa 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.

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