Visa Inc. (NYSE:V) Stock Holdings Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 18.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,557,513 shares of the credit-card processor's stock after purchasing an additional 393,397 shares during the quarter. Visa comprises 1.7% of Robeco Institutional Asset Management B.V.'s portfolio, making the stock its 7th biggest holding. Robeco Institutional Asset Management B.V. owned 0.14% of Visa worth $896,306,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in V. Norges Bank purchased a new stake in Visa in the 4th quarter worth $5,171,271,000. GAMMA Investing LLC grew its position in shares of Visa by 38,416.3% during the first quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock valued at $5,173,271,000 after purchasing an additional 14,723,050 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Visa by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after purchasing an additional 7,079,706 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Visa in the fourth quarter worth about $1,955,403,000. Finally, Proficio Capital Partners LLC lifted its position in shares of Visa by 17,018.7% in the fourth quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after buying an additional 3,926,049 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on V shares. William Blair restated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Macquarie lowered 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. Citigroup began coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "buy" rating on the stock. UBS Group upped their price target on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Finally, Piper Sandler lifted their price objective on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. 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 stock. According to MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus price target of $372.80.

Visa Trading Up 0.9%

Shares of V stock traded up $3.10 on Friday, reaching $349.13. 6,588,465 shares of the company's stock were exchanged, compared to its average volume of 6,921,649. The company's fifty day simple moving average is $352.91 and its 200 day simple moving average is $339.57. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $644.20 billion, a PE ratio of 35.09, a P/E/G ratio of 2.32 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $2.51 earnings per share. As a group, analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business 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 was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's payout ratio is 23.72%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at $188,186.28. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,098 shares of company stock valued at $36,738,526 in the last three months. Company insiders own 0.13% of the company's stock.

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.