Visa Inc. (NYSE:V) Stock Holdings Decreased by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. reduced its position in shares of Visa Inc. (NYSE:V - Free Report) by 0.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,127 shares of the credit-card processor's stock after selling 1,060 shares during the period. Visa accounts for approximately 5.3% of Quintet Private Bank Europe S.A.'s portfolio, making the stock its 4th largest position. Quintet Private Bank Europe S.A.'s holdings in Visa were worth $89,762,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of V. Vanguard Group Inc. lifted its stake in shares of Visa by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after purchasing an additional 7,079,706 shares during the period. Geode Capital Management LLC raised its position in shares of Visa by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after purchasing an additional 1,689,926 shares during the last quarter. Capital International Investors boosted its stake in Visa by 3.8% in the 4th quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor's stock worth $7,526,660,000 after purchasing an additional 866,596 shares in the last quarter. Capital World Investors grew its position in Visa by 1.0% during the 4th quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor's stock valued at $7,356,614,000 after purchasing an additional 241,057 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Visa by 18.0% during the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after purchasing an additional 2,785,707 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on V shares. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and increased their target price for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Macquarie decreased their target price on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Barclays reaffirmed an "overweight" rating on shares of Visa in a report on Friday. Finally, Citigroup began coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating for the company. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $372.80.

Visa Price Performance

Shares of NYSE:V traded up $2.38 during midday trading on Monday, reaching $355.23. 7,169,140 shares of the company were exchanged, compared to its average volume of 7,018,287. The stock has a market cap of $655.46 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. Visa Inc. has a one year low of $252.70 and a one year high of $375.51. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The business's fifty day moving average is $349.76 and its two-hundred day moving average is $337.77.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.51 earnings per share. As a group, analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. This represents a 94.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,448 shares of company stock worth $50,133,659. Insiders own 0.13% of the company's stock.

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.