Robeco Institutional Asset Management B.V. Has $1.11 Billion Holdings in Visa Inc. $V

Robeco Institutional Asset Management B.V. lifted its stake in Visa Inc. (NYSE:V - Free Report) by 22.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,139,138 shares of the credit-card processor's stock after acquiring an additional 581,625 shares during the quarter. Visa makes up approximately 1.8% of Robeco Institutional Asset Management B.V.'s investment portfolio, making the stock its 7th largest position. Robeco Institutional Asset Management B.V. owned approximately 0.17% of Visa worth $1,114,551,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Keystone Global Partners LLC acquired a new position in Visa during the first quarter worth $26,000. Family Legacy Financial Solutions LLC acquired a new stake in Visa in the second quarter valued at $28,000. von Borstel & Associates Inc. bought a new position in shares of Visa in the 1st quarter valued at about $27,000. Cranbrook Wealth Management LLC increased its stake in shares of Visa by 82.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock worth $32,000 after purchasing an additional 41 shares during the last quarter. Finally, Westend Capital Management LLC raised its holdings in shares of Visa by 83.1% in the 2nd quarter. Westend Capital Management LLC now owns 108 shares of the credit-card processor's stock valued at $38,000 after purchasing an additional 49 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on V shares. Morgan Stanley lifted their price target on Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. UBS Group reiterated a "buy" rating and set a $415.00 target price (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Truist Financial decreased their target price on Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Oppenheimer raised their price target on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average price target of $385.96.

Visa Stock Performance

NYSE V opened at $349.90 on Friday. The firm has a 50-day moving average price of $343.78 and a two-hundred day moving average price of $346.75. Visa Inc. has a 12-month low of $273.24 and a 12-month high of $375.51. The company has a market capitalization of $641.28 billion, a P/E ratio of 34.17, a P/E/G ratio of 2.07 and a beta of 0.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. The company had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.42 earnings per share. Analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced 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 of this dividend was Tuesday, August 12th. Visa's dividend payout ratio is 23.05%.

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares of the company's stock, valued at $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the company's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the sale, the chief executive officer directly owned 537 shares of the company's stock, valued at $183,815.10. This represents a 95.13% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company 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.

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