Visa Inc. $V Shares Acquired by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,341 shares of the credit-card processor's stock after purchasing an additional 9,000 shares during the period. Visa comprises 0.5% of Varma Mutual Pension Insurance Co's investment portfolio, making the stock its 20th biggest position. Varma Mutual Pension Insurance Co's holdings in Visa were worth $103,044,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of V. XXEC Inc. raised its holdings in shares of Visa by 153,118.8% during the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock valued at $63,904,097,000 after acquiring an additional 186,138,883 shares during the last quarter. Norges Bank acquired a new stake in shares of Visa in the fourth quarter worth approximately $5,877,738,000. Cardano Risk Management B.V. boosted its stake in shares of Visa by 867.6% in 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 acquiring an additional 7,364,762 shares during the last quarter. Diamant Asset Management Inc. increased its position 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 purchasing an additional 7,308,345 shares in the last quarter. Finally, J. Stern & Co. LLP increased its position in shares of Visa by 12,497.1% during the fourth quarter. J. Stern & Co. LLP now owns 3,378,039 shares of the credit-card processor's stock worth $1,184,712,000 after purchasing an additional 3,351,223 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of research reports. Piper Sandler restated an "overweight" rating and issued a $430.00 price objective (up from $394.00) on shares of Visa in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $430.00 target price on shares of Visa in a report on Wednesday, July 29th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $412.00 target price (up from $395.00) on shares of Visa in a research report on Wednesday, July 29th. Robert W. Baird raised their price target on shares of Visa from $412.00 to $420.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Finally, Wolfe Research restated an "outperform" rating and set a $435.00 price target (up from $430.00) on shares of Visa in a research report on Wednesday, July 29th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $413.58.

Insider Buying and Selling

In other Visa news, insider Tullier Kelly Mahon sold 57,272 shares of Visa stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the transaction, the insider directly owned 49,662 shares of the company's stock, valued at $18,125,140.14. The trade was a 53.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 10,490 shares of the business's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $343.99, for a total transaction of $3,608,455.10. Following the completion of the transaction, the chief executive officer owned 15,174 shares in the company, valued at $5,219,704.26. The trade was a 40.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 90,759 shares of company stock worth $32,375,779. Insiders own 0.12% of the company's stock.

Visa Stock Performance

NYSE V opened at $371.09 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. The stock's fifty day moving average is $353.73 and its two-hundred day moving average is $329.64. The firm has a market capitalization of $662.18 billion, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 1.99 and a beta of 0.74. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $373.97.

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

Visa Dividend Announcement

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

Visa declared that its Board of Directors has authorized a stock repurchase program on Tuesday, April 28th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

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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