IFM Investors Pty Ltd Has $119.54 Million Stock Holdings in Visa Inc. $V

Key Points

• IFM Investors Pty Ltd has increased its stake in Visa Inc. by 3.1%, now owning a total of 336,687 shares valued at approximately $119.54 million, making it the 13th largest position in their portfolio.
• Visa reported earnings of $2.98 per share for the latest quarter, exceeding estimates, with a net margin of 52.16% and revenue of $10.17 billion, representing a 14.3% year-over-year growth.
• The company declared a quarterly dividend of $0.59 per share, resulting in an annualized dividend of $2.36 and a yield of 0.7% with a payout ratio of 23.05%.

IFM Investors Pty Ltd increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,687 shares of the credit-card processor's stock after acquiring an additional 10,099 shares during the period. Visa makes up 1.1% of IFM Investors Pty Ltd's investment portfolio, making the stock its 13th largest holding. IFM Investors Pty Ltd's holdings in Visa were worth $119,541,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of V. Keystone Global Partners LLC bought a new stake in Visa during the first quarter valued at approximately $26,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Visa in the 2nd quarter worth about $28,000. von Borstel & Associates Inc. bought a new stake in shares of Visa in the 1st quarter worth about $27,000. 1 North Wealth Services LLC bought a new stake in Visa during the 1st quarter valued at about $38,000. Finally, Anderson Financial Strategies LLC bought a new stake in shares of Visa in the 1st quarter valued at about $53,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Down 0.9%

Shares of V stock traded down $3.17 during trading hours on Tuesday, hitting $341.19. 1,513,075 shares of the company were exchanged, compared to its average volume of 6,442,273. The firm has a market cap of $625.32 billion, a PE ratio of 33.32, a PEG ratio of 2.27 and a beta of 0.92. Visa Inc. has a 1 year low of $268.23 and a 1 year high of $375.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average of $345.58 and a 200 day moving average of $346.37.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter last year, the company earned $2.42 earnings per share. Visa's revenue for the quarter was up 14.3% on a year-over-year basis. Analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

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

Analysts Set New Price Targets

V has been the topic of a number of analyst reports. Truist Financial cut their price objective on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Erste Group Bank cut shares of Visa from a "buy" rating to a "hold" rating in a research report on Monday. UBS Group reiterated a "buy" rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Citigroup started coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating on the stock. Finally, Oppenheimer lifted their target price on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and an average price target of $385.96.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at $4,102,438.50. The trade was a 14.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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.