Visa Inc. $V Shares Acquired by Nwam LLC

Key Points

• Nwam LLC increased its Visa stake by 35.5% in the second quarter, holding 11,631 shares valued at approximately $3.99 million. Institutional investors and hedge funds collectively own 82.15% of Visa.
• Visa reported quarterly EPS of $3.32, beating estimates of $3.23, while revenue rose 14.4% year over year to $11.63 billion. The company also declared a quarterly dividend of $0.67 per share, yielding 0.7% annually.
• Analysts remain bullish, with Visa carrying an average “Buy” rating and a consensus price target of $416.62. Shares opened at $379.17, near their 52-week high of $385.57, despite recent insider selling conducted under pre-arranged trading plans.

Nwam LLC lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 35.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,631 shares of the credit-card processor's stock after purchasing an additional 3,045 shares during the period. Nwam LLC's holdings in Visa were worth $3,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. XXEC Inc. lifted its holdings in Visa by 153,118.8% in the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock valued at $63,904,097,000 after purchasing an additional 186,138,883 shares in the last quarter. Norges Bank acquired a new stake in Visa during the 4th quarter worth $5,877,738,000. Cardano Risk Management B.V. grew its holdings in shares of Visa by 867.6% during the fourth quarter. Cardano Risk Management B.V. now owns 8,213,610 shares of the credit-card processor's stock worth $2,880,595,000 after buying an additional 7,364,762 shares in the last quarter. Diamant Asset Management Inc. grew its holdings in shares of Visa by 29,706.3% during the first quarter. Diamant Asset Management Inc. now owns 7,332,947 shares of the credit-card processor's stock worth $2,216,310,000 after buying an additional 7,308,345 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new stake in shares of Visa in the second quarter valued at about $1,435,262,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Down 0.6%

Shares of Visa stock opened at $379.17 on Tuesday. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $385.57. The company has a 50 day moving average of $360.10 and a 200 day moving average of $331.83. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $676.60 billion, a P/E ratio of 32.24, a P/E/G ratio of 2.04 and a beta of 0.74.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping the consensus estimate of $3.23 by $0.09. Visa had a net margin of 50.78% and a return on equity of 67.68%. The company had revenue of $11.63 billion during the quarter, compared to analysts' expectations of $11.40 billion. During the same quarter in the previous year, the business posted $2.98 EPS. The firm's revenue was up 14.4% on a year-over-year basis. As a group, research analysts forecast that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. Visa's payout ratio is presently 22.79%.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total transaction of $729,720.00. Following the completion of the sale, the general counsel directly owned 18,404 shares of the company's stock, valued at $6,625,440. The trade was a 9.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 20,970 shares of the company's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $340.25, for a total value of $7,135,042.50. Following the transaction, the chief executive officer directly owned 15,174 shares of the company's stock, valued at approximately $5,162,953.50. This represents a 58.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 96,634 shares of company stock worth $34,537,016. Corporate insiders own 0.12% of the company's stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of analyst reports. Erste Group Bank upgraded Visa from a "hold" rating to a "buy" rating in a research report on Monday, July 27th. BMO Capital Markets upped their price objective on shares of Visa from $387.00 to $405.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. BNP Paribas Exane upgraded Visa to a "strong-buy" rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $430.00 price objective on shares of Visa in a research note on Wednesday, July 29th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Visa in a research note on Wednesday, July 29th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $416.62.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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