Nykredit A S Takes Position in Visa Inc. $V

Key Points

• Nykredit A S acquired 855,954 Visa shares in the second quarter, valued at approximately $293.7 million, making Visa its 15th-largest holding and representing about 0.9% of its portfolio.
• Institutional investors own 82.15% of Visa, while insiders have sold approximately $38.2 million worth of shares over the past 90 days, including sales by the CEO and general counsel under pre-arranged trading plans.
• Analysts remain bullish, with Visa carrying a consensus “Buy” rating and an average price target of $416.62. The company also exceeded quarterly earnings and revenue estimates, reporting $3.32 EPS and $11.63 billion in revenue.

Nykredit A S acquired a new position in shares of Visa Inc. (NYSE:V - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 855,954 shares of the credit-card processor's stock, valued at approximately $293,669,000. Visa makes up approximately 0.9% of Nykredit A S's portfolio, making the stock its 15th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Philadelphia Investment Partners LLC bought a new position in Visa during the second quarter valued at approximately $29,000. Virtus Advisers LLC bought a new position in shares of Visa during the 2nd quarter valued at $33,000. RHL Group LLC acquired a new stake in shares of Visa in the 4th quarter valued at $34,000. Copos Capital S.a r.l. acquired a new stake in shares of Visa in the 4th quarter valued at $35,000. Finally, Robinswood Financial LLC bought a new stake in Visa in the first quarter worth $35,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Activity

In related news, General Counsel Julie Rottenberg sold 2,028 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the sale, the general counsel owned 18,404 shares in the company, valued at approximately $7,018,365.40. This trade represents a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 20,970 shares of Visa stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $340.25, for a total value of $7,135,042.50. Following the sale, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,162,953.50. This trade represents a 58.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 106,404 shares of company stock valued at $38,228,528. Insiders own 0.12% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Clear Str upgraded Visa to a "strong-buy" rating in a report on Thursday, July 16th. Piper Sandler reissued an "overweight" rating and issued a $430.00 price objective (up from $394.00) on shares of Visa in a research note on Wednesday, July 29th. Wolfe Research reaffirmed an "outperform" rating and set a $460.00 target price (up from $435.00) on shares of Visa in a research report on Tuesday, August 25th. Truist Financial set a $406.00 price target on shares of Visa and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, BMO Capital Markets boosted their price objective on shares of Visa from $387.00 to $405.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $416.62.

Visa Stock Performance

Shares of NYSE V opened at $369.76 on Friday. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $385.57. The company has a market cap of $659.80 billion, a P/E ratio of 31.44, a P/E/G ratio of 1.99 and a beta of 0.76. The business's 50 day moving average is $367.19 and its two-hundred day moving average is $336.92. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.09. The business had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. Visa's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $2.98 earnings per share. On average, equities analysts expect that Visa Inc. will post 13.16 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. Visa's dividend payout ratio is currently 22.79%.

Visa Profile

Visa Inc is a global payments technology company that operates one of the world's largest electronic payment networks. The company connects consumers, businesses, financial institutions and governments, enabling transactions through credit, debit, prepaid and commercial payment products. Visa generally does not issue cards, extend credit or set consumer interest rates; instead, it provides the network, technology and services that support payments.

Visa's products and services include Visa-branded cards, digital payment solutions, tokenization, fraud prevention, risk management, data analytics and payment acceptance tools.

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