Natixis Advisors LLC Has $894.30 Million Stock Holdings in Visa Inc. (NYSE:V)

Key Points

• Natixis Advisors LLC has increased its holdings in Visa Inc. by 5.3%, now owning 2,551,780 shares worth approximately $894 million, making it the firm's 6th largest position.
• Visa reported quarterly earnings of $2.98 per share, surpassing estimates, with revenues reaching $10.17 billion, a 14.3% increase year-over-year.
• The company announced a quarterly dividend of $0.59, expected to yield an annualized rate of 0.67% with a payout ratio of 23.72%.

Natixis Advisors LLC boosted its position in shares of Visa Inc. (NYSE:V - Free Report) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,551,780 shares of the credit-card processor's stock after acquiring an additional 129,523 shares during the period. Visa accounts for 1.7% of Natixis Advisors LLC's investment portfolio, making the stock its 6th biggest holding. Natixis Advisors LLC owned approximately 0.14% of Visa worth $894,297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of V. NorthRock Partners LLC grew its stake in Visa by 2.3% during the first quarter. NorthRock Partners LLC now owns 25,744 shares of the credit-card processor's stock worth $9,022,000 after buying an additional 589 shares during the last quarter. SSA Swiss Advisors AG bought a new stake in shares of Visa during the first quarter valued at approximately $4,290,000. Bristol Gate Capital Partners Inc. grew its stake in shares of Visa by 0.4% during the first quarter. Bristol Gate Capital Partners Inc. now owns 311,557 shares of the credit-card processor's stock valued at $109,188,000 after purchasing an additional 1,136 shares during the last quarter. Wooster Corthell Wealth Management Inc. bought a new stake in shares of Visa during the first quarter valued at approximately $222,000. Finally, 360 Financial Inc. lifted its holdings in Visa by 1.1% in the first quarter. 360 Financial Inc. now owns 3,736 shares of the credit-card processor's stock valued at $1,309,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Down 1.9%

Shares of Visa stock traded down $6.66 on Friday, hitting $338.81. 8,655,366 shares of the company's stock traded hands, compared to its average volume of 6,632,218. Visa Inc. has a one year low of $254.51 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.08. The company has a fifty day moving average of $355.36 and a two-hundred day moving average of $346.13. The company has a market capitalization of $625.16 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 2.36 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, beating analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter in the previous year, the company earned $2.42 EPS. Visa's quarterly revenue was up 14.3% compared to the same quarter last year. As a group, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa's dividend payout ratio is presently 23.05%.

Analysts Set New Price Targets

Several research firms have weighed in on V. Truist Financial cut their target price on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Mizuho raised shares of 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 report on Thursday, June 5th. William Blair reissued an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Finally, Macquarie increased their price objective on shares of Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average price target of $380.84.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction dated 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 transaction, the insider owned 26,413 shares of the company's stock, valued at approximately $9,772,810. The trade was a 63.63% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,913 shares of company stock worth $32,902,432. Corporate 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.