Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Visa Inc. (NYSE:V - Free Report) by 4.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,915 shares of the credit-card processor's stock after purchasing an additional 2,600 shares during the period. Visa comprises about 1.3% of Livforsakringsbolaget Skandia Omsesidigt's holdings, making the stock its 9th largest holding. Livforsakringsbolaget Skandia Omsesidigt's holdings in Visa were worth $23,093,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Rock Wealth Management LLC purchased a new stake in Visa during the 4th quarter worth about $306,000. Aptus Capital Advisors LLC lifted its holdings in Visa by 19.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock worth $57,727,000 after buying an additional 30,185 shares during the last quarter. King Wealth Management Group lifted its holdings in Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after buying an additional 6,172 shares during the last quarter. Eagle Strategies LLC lifted its holdings in Visa by 2.5% during the 4th quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock worth $811,000 after buying an additional 63 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Visa during the 4th quarter worth about $10,163,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have issued reports on V shares. The Goldman Sachs Group started coverage on Visa in a report on Monday, June 2nd. They set a "neutral" rating for the company. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Citigroup started coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating on the stock. Evercore ISI started coverage on Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price on the stock. Finally, Truist Financial started coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating and a $400.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $372.80.
Check Out Our Latest Stock Report on Visa
Visa Stock Performance
V stock traded down $18.65 during trading on Friday, hitting $352.75. The company had a trading volume of 14,176,249 shares, compared to its average volume of 7,023,528. The firm has a market cap of $650.87 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The firm has a 50-day moving average price of $348.87 and a 200-day moving average price of $337.17. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.51 EPS. On average, analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.
Insider Buying and Selling at Visa
In other news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at $8,991,249.33. The trade was a 59.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel now directly owns 11,925 shares in the company, valued at $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,448 shares of company stock valued at $50,133,659. 0.13% of the stock is owned by corporate insiders.
Visa Company Profile
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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.
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