Free Trial

GF Fund Management CO. LTD. Takes Position in Visa Inc. (NYSE:V)

Visa logo with Business Services background

GF Fund Management CO. LTD. bought a new stake in Visa Inc. (NYSE:V - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,499 shares of the credit-card processor's stock, valued at approximately $525,000.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Visa during the 4th quarter worth approximately $5,171,271,000. GAMMA Investing LLC boosted its stake in Visa by 38,416.3% during the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock worth $5,173,271,000 after acquiring an additional 14,723,050 shares during the last quarter. Vanguard Group Inc. boosted its stake in Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares during the last quarter. Raymond James Financial Inc. bought a new position in Visa during the 4th quarter worth approximately $1,955,403,000. Finally, Northern Trust Corp boosted its stake in Visa by 18.0% during the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock worth $5,771,116,000 after acquiring an additional 2,785,707 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was 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 of the company's stock, valued at $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,108 shares of company stock valued at $36,771,200 over the last quarter. 0.13% of the stock is owned by corporate insiders.

Visa Stock Performance

NYSE:V traded down $1.49 during mid-day trading on Tuesday, hitting $355.15. 2,304,548 shares of the stock were exchanged, compared to its average volume of 6,826,146. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The firm's 50-day simple moving average is $356.17 and its 200 day simple moving average is $341.92. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The stock has a market capitalization of $655.31 billion, a price-to-earnings ratio of 35.69, a price-to-earnings-growth ratio of 2.43 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last announced 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 during 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.51 earnings per share. As a group, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analyst Ratings Changes

A number of brokerages have weighed in on V. Jefferies Financial Group lifted their price target 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 reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. The Goldman Sachs Group began coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "neutral" rating on the stock. Evercore ISI began coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target on the stock. Finally, UBS Group lifted their price target on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $372.84.

Read Our Latest Stock Analysis on Visa

Visa Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Visa (NYSE:V)

Should You Invest $1,000 in Visa Right Now?

Before you consider Visa, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.

While Visa currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

Buy the Fear: 3 Down Stocks That Could 10x Your Profits

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines