Temasek Holdings Private Ltd Has $2.05 Billion Stock Position in Visa Inc. $V

Key Points

• Temasek Holdings Private Ltd reduced its stake in Visa Inc. by 1.6%, now owning approximately 5.86 million shares valued at about $2.05 billion, making it the firm’s second-largest holding.
• Analysts currently hold a consensus rating of "Moderate Buy" for Visa, with a target price of approximately $385.96, benefiting from recent upgrades by major firms like UBS and Morgan Stanley.
• Visa reported a quarterly earnings beat with $2.98 EPS against an expected $2.85, and a revenue of $10.17 billion, reflecting a 14.3% year-over-year increase.

Temasek Holdings Private Ltd lowered its position in Visa Inc. (NYSE:V - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,859,835 shares of the credit-card processor's stock after selling 93,947 shares during the period. Visa accounts for about 8.3% of Temasek Holdings Private Ltd's holdings, making the stock its 2nd biggest position. Temasek Holdings Private Ltd owned approximately 0.32% of Visa worth $2,053,638,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Keystone Global Partners LLC bought a new position in Visa in the first quarter worth approximately $26,000. von Borstel & Associates Inc. bought a new position in Visa in the first quarter worth approximately $27,000. 1 North Wealth Services LLC purchased a new stake in shares of Visa in the first quarter worth approximately $38,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Visa in the fourth quarter worth approximately $47,000. Finally, O Brien Wealth Partners LLC purchased a new stake in shares of Visa in the first quarter worth approximately $54,000. Institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Visa Stock Performance

NYSE:V traded up $3.57 during trading hours on Thursday, reaching $341.69. The stock had a trading volume of 2,524,672 shares, compared to its average volume of 6,451,188. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a 50 day simple moving average of $347.72 and a 200 day simple moving average of $347.07. Visa Inc. has a 12-month low of $268.23 and a 12-month high of $375.51. The stock has a market cap of $626.24 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92.

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

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's dividend payout ratio (DPR) is currently 23.05%.

Wall Street Analyst Weigh In

Several analysts have recently commented on V shares. Morgan Stanley increased their price objective on Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. UBS Group reissued a "buy" rating and issued a $415.00 price objective (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Citigroup started coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating for the company. Finally, Truist Financial decreased their price target on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $385.96.

Visa Company 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.