Visa Inc. $V is Livforsakringsbolaget Skandia Omsesidigt's 9th Largest Position

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has increased its stake in Visa Inc. by 27.5%, holding 84,015 shares valued at approximately $29.8 million, making Visa its 9th largest position.
• Several major institutional investors, including Vanguard Group and Northern Trust, have also boosted their holdings in Visa, with a combined ownership of over 82% of the stock by institutional investors.
• Visa's recent earnings report showed $2.98 earnings per share and $10.17 billion in revenue for the quarter, exceeding analysts' expectations, while the company recently declared a quarterly dividend of $0.59.

Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 27.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 84,015 shares of the credit-card processor's stock after purchasing an additional 18,100 shares during the period. Visa comprises approximately 1.4% of Livforsakringsbolaget Skandia Omsesidigt's portfolio, making the stock its 9th biggest position. Livforsakringsbolaget Skandia Omsesidigt's holdings in Visa were worth $29,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. GAMMA Investing LLC increased its holdings in Visa by 38,416.3% during the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock worth $5,173,271,000 after purchasing an additional 14,723,050 shares in the last quarter. Nuveen LLC bought a new stake in Visa during the 1st quarter worth approximately $3,518,533,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Visa during the 4th quarter worth approximately $673,689,000. Vanguard Group Inc. increased its holdings in Visa by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 161,082,431 shares of the credit-card processor's stock worth $56,452,949,000 after purchasing an additional 1,677,088 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Visa by 17.7% in the 1st quarter. Wellington Management Group LLP now owns 10,979,720 shares of the credit-card processor's stock worth $3,847,953,000 after buying an additional 1,651,954 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. The trade was a 94.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Visa Stock Performance

Visa stock traded up $2.58 during trading on Monday, hitting $344.19. The stock had a trading volume of 3,310,104 shares, compared to its average volume of 6,456,604. The stock's 50 day moving average is $345.70 and its two-hundred day moving average is $346.38. 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 Inc. has a 1 year low of $268.23 and a 1 year high of $375.51. The stock has a market cap of $630.84 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last issued 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 business had revenue of $10.17 billion for the quarter, compared to analysts' expectations of $9.82 billion. During the same quarter in the previous year, the firm posted $2.42 EPS. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on V. Oppenheimer boosted their target price on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group began coverage on Visa in a research note on Monday, June 2nd. They issued a "neutral" rating on the stock. Raymond James Financial restated an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Finally, Citigroup began coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $385.96.

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.