Visa Inc. $V Shares Bought by Capital International Sarl

Key Points

• Capital International Sarl increased its stake in Visa by 5.3% in Q3, buying 10,250 shares to hold 203,815 shares worth $69.58 million, about 1.2% of its portfolio (its 17th largest holding).
• Other large institutional moves include Norges Bank opening a new position worth about $7.03 billion and Vanguard owning 162.5 million shares (~$57.7 billion); overall institutional ownership is roughly 82.15%.
• Visa has a consensus "Buy" rating with an average price target of $392.65, and recently beat quarterly estimates with $3.17 EPS and $10.9 billion revenue (up 14.6% year‑over‑year).

Capital International Sarl grew its holdings in Visa Inc. (NYSE:V - Free Report) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,815 shares of the credit-card processor's stock after purchasing an additional 10,250 shares during the quarter. Visa comprises approximately 1.2% of Capital International Sarl's portfolio, making the stock its 17th largest holding. Capital International Sarl's holdings in Visa were worth $69,578,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Visa during the second quarter worth $7,034,939,000. TCI Fund Management Ltd. increased its stake in shares of Visa by 14.6% in the 2nd quarter. TCI Fund Management Ltd. now owns 19,067,558 shares of the credit-card processor's stock worth $6,769,936,000 after acquiring an additional 2,429,996 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Visa by 110.4% during the 2nd quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor's stock worth $1,396,930,000 after acquiring an additional 2,075,289 shares during the period. Vanguard Group Inc. boosted its position in shares of Visa by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 162,544,006 shares of the credit-card processor's stock valued at $57,711,249,000 after acquiring an additional 1,461,575 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Visa by 2.5% in the second quarter. Geode Capital Management LLC now owns 43,096,802 shares of the credit-card processor's stock valued at $15,253,245,000 after purchasing an additional 1,067,631 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on V. Macquarie Infrastructure reaffirmed an "outperform" rating and set a $410.00 price target on shares of Visa in a research report on Friday, January 30th. Daiwa Securities Group upgraded Visa from a "neutral" rating to an "outperform" rating and set a $370.00 target price on the stock in a research report on Monday, February 2nd. UBS Group reiterated a "buy" rating on shares of Visa in a report on Tuesday, January 13th. Piper Sandler set a $160.00 price objective on shares of Visa in a report on Wednesday, January 28th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Visa in a research note on Friday, January 30th. Seven analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Visa currently has an average rating of "Buy" and a consensus price target of $392.65.

Visa Trading Down 0.4%

V opened at $316.03 on Tuesday. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $328.80 and a 200-day simple moving average of $337.05. The firm has a market cap of $573.65 billion, a P/E ratio of 29.65, a P/E/G ratio of 1.82 and a beta of 0.78.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating analysts' consensus estimates of $3.14 by $0.03. The company had revenue of $10.90 billion during the quarter, compared to analysts' expectations of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.Visa's revenue for the quarter was up 14.6% on a year-over-year basis. During the same period last year, the business posted $2.75 EPS. On average, equities 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 was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa's dividend payout ratio (DPR) is presently 25.14%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the company's stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the sale, the chief executive officer directly owned 9,401 shares of the company's stock, valued at $3,282,641.18. This represents a 52.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.12% of the company's stock.

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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.