Vanguard Personalized Indexing Management LLC Increases Stake in Visa Inc. $V

Key Points

• Vanguard Personalized Indexing Management LLC has increased its stake in Visa Inc. by 19%, acquiring an additional 42,008 shares, bringing its total holdings to 262,665 shares valued at approximately $93.5 million.
• Institutional investors now own 82.15% of Visa's stock, highlighting strong institutional interest in the company.
• In recent transactions, both General Counsel Julie B. Rottenberg and CEO Ryan Mcinerney sold significant amounts of Visa stock, representing a major decrease in their ownership levels.

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 19.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,665 shares of the credit-card processor's stock after acquiring an additional 42,008 shares during the period. Visa makes up 1.1% of Vanguard Personalized Indexing Management LLC's investment portfolio, making the stock its 13th largest holding. Vanguard Personalized Indexing Management LLC's holdings in Visa were worth $93,545,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of V. Brighton Jones LLC boosted its stake in Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after acquiring an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after acquiring an additional 4,817 shares in the last quarter. GAMMA Investing LLC boosted its stake in Visa by 9.9% during the first quarter. GAMMA Investing LLC now owns 42,120 shares of the credit-card processor's stock worth $14,761,000 after acquiring an additional 3,795 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Visa by 22.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 867,704 shares of the credit-card processor's stock worth $304,096,000 after acquiring an additional 161,161 shares in the last quarter. Finally, NBT Bank N A NY boosted its stake in Visa by 1.8% during the first quarter. NBT Bank N A NY now owns 17,217 shares of the credit-card processor's stock worth $6,034,000 after acquiring an additional 309 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The shares were 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 approximately $183,815.10. This represents a 95.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on V. Morgan Stanley boosted their price objective on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Visa in a research note on Wednesday, October 8th. Robert W. Baird set a $410.00 target price on shares of Visa and gave the stock an "outperform" rating in a research note on Monday, October 6th. Erste Group Bank downgraded shares of Visa from a "buy" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, Barclays reiterated an "overweight" rating and issued a $408.00 target price (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $389.00.

Visa Stock Down 0.7%

Shares of Visa stock opened at $345.81 on Thursday. The company has a market cap of $633.80 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 2.06 and a beta of 0.90. The company's 50 day moving average is $344.14 and its 200 day moving average is $346.97. Visa Inc. has a twelve month low of $278.35 and a twelve month high of $375.51. 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 issued its quarterly earnings data 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 for 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 revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.42 earnings per share. Research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio is 23.05%.

About Visa

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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