Nordea Investment Management AB Cuts Stake in Visa Inc. $V

Key Points

• Nordea Investment Management AB cut its Visa stake by 2.8% in Q4, selling 77,870 shares and ending the quarter with 2,743,482 shares worth about $967.16 million (Visa is its 18th-largest holding).
• Visa beat Q4 expectations with EPS of $3.17 vs. $3.14 and revenue of $10.90 billion vs. $10.69 billion (revenue +14.6% YoY), reporting strong profitability (net margin 50.23%, ROE 61.74%).
• Company insiders sold shares recently (CEO Ryan McInerney sold 10,485 shares; director Lloyd Carney sold 650 shares), and Visa pays a quarterly dividend of $0.67 ($2.68 annualized, ~0.9% yield).

Nordea Investment Management AB cut its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,743,482 shares of the credit-card processor's stock after selling 77,870 shares during the quarter. Visa accounts for approximately 0.8% of Nordea Investment Management AB's holdings, making the stock its 18th biggest holding. Nordea Investment Management AB owned approximately 0.15% of Visa worth $967,160,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in V. Parvin Asset Management LLC lifted its stake in Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock worth $26,000 after purchasing an additional 50 shares during the last quarter. Sagard Holdings Management Inc. purchased a new stake in Visa during the second quarter valued at about $31,000. Bare Financial Services Inc grew its stake in shares of Visa by 287.0% during the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor's stock valued at $32,000 after buying an additional 66 shares during the last quarter. Imprint Wealth LLC purchased a new position in shares of Visa in the third quarter worth about $39,000. Finally, Strategic Advocates LLC purchased a new position in shares of Visa in the third quarter worth about $43,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Up 1.1%

Shares of NYSE V opened at $304.83 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. Visa Inc. has a 12 month low of $297.03 and a 12 month high of $375.51. The firm has a market capitalization of $553.31 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The firm has a fifty day simple moving average of $319.73 and a two-hundred day simple moving average of $333.93.

Visa (NYSE:V - Get Free Report) last announced 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 net margin of 50.23% and a return on equity of 61.74%. The firm had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the previous year, the firm posted $2.75 EPS. The company's revenue for the quarter was up 14.6% compared to the same quarter last year. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, February 10th. Visa's payout ratio is presently 25.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on V shares. Royal Bank Of Canada restated an "outperform" rating and set a $395.00 target price on shares of Visa in a report on Friday, January 30th. HSBC raised Visa from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 8th. Rothschild & Co Redburn set a $385.00 price objective on Visa in a research report on Wednesday, January 28th. Weiss Ratings reissued a "buy (b)" rating on shares of Visa in a research note on Wednesday, January 21st. Finally, Piper Sandler set a $160.00 target price on shares of Visa in a report on Wednesday, January 28th. Seven analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $392.65.

Insider Activity at Visa

In other news, Director Lloyd Carney sold 650 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the transaction, the director owned 2,679 shares in the company, valued at $829,471.98. This trade represents a 19.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on 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 sale, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. This represents a 52.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.12% of the company's stock.

Visa Company 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.

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