Unigestion Holding SA Has $56.92 Million Position in Visa Inc. (NYSE:V)

Unigestion Holding SA reduced its position in Visa Inc. (NYSE:V - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,459 shares of the credit-card processor's stock after selling 1,857 shares during the quarter. Visa makes up about 3.3% of Unigestion Holding SA's investment portfolio, making the stock its 5th biggest holding. Unigestion Holding SA's holdings in Visa were worth $56,918,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Riverstone Advisors LLC bought a new stake in shares of Visa during the fourth quarter valued at approximately $217,000. Blue Rock Wealth Management LLC acquired a new stake in shares of Visa during the fourth quarter worth $306,000. Aptus Capital Advisors LLC boosted its holdings in shares of Visa by 19.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock worth $57,727,000 after buying an additional 30,185 shares during the period. Journey Strategic Wealth LLC raised its stake in Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock valued at $3,058,000 after purchasing an additional 1,361 shares during the period. Finally, King Wealth Management Group lifted its stake in Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after acquiring an additional 6,172 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Down 0.4%

Shares of NYSE:V traded down $1.33 during mid-day trading on Thursday, reaching $366.67. The stock had a trading volume of 6,874,173 shares, compared to its average volume of 7,004,689. The firm has a 50 day simple moving average of $344.66 and a two-hundred day simple moving average of $334.72. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $372.43. The firm has a market cap of $676.56 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

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

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.64%. Visa's payout ratio is presently 23.72%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on V shares. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Mizuho upgraded 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 report on Thursday. Susquehanna restated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Finally, Truist Financial began coverage on Visa in a research note on Monday. They set a "buy" rating and a $400.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $372.80.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at $194,807.49. The trade was a 94.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,948 shares of company stock valued at $41,546,299. 0.13% of the stock is owned by insiders.

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.