Visa Inc. $V Shares Bought by Tema Etfs LLC

Key Points

• Tema Etfs LLC increased its stake in Visa Inc. by 145.4% in Q1, acquiring an additional 5,320 shares, bringing its total holdings to approximately $3.15 million.
• Visa recently reported earnings of $2.98 per share for the last quarter, exceeding estimates and showing a 14.3% revenue increase year-over-year, amounting to $10.17 billion.
• The company declared a quarterly dividend of $0.59 per share, with a payout ratio of 23.05% and a dividend yield of 0.7%.

Tema Etfs LLC raised its stake in Visa Inc. (NYSE:V - Free Report) by 145.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,979 shares of the credit-card processor's stock after acquiring an additional 5,320 shares during the quarter. Tema Etfs LLC's holdings in Visa were worth $3,147,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Keystone Global Partners LLC acquired a new position in shares of Visa in the first quarter worth $26,000. von Borstel & Associates Inc. acquired a new position in Visa in the first quarter valued at $27,000. Measured Risk Portfolios Inc. acquired a new position in Visa in the fourth quarter valued at $47,000. O Brien Wealth Partners LLC acquired a new position in Visa in the first quarter valued at $54,000. Finally, Global X Japan Co. Ltd. acquired a new position in Visa in the first quarter valued at $56,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on V shares. Oppenheimer upped their target price on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Morgan Stanley upped their target price on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Citigroup started coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating for the company. Deutsche Bank Aktiengesellschaft started coverage on Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price for the company. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus target price of $380.84.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares of the company's stock, valued at $9,904,875. The trade was a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,127 shares of company stock valued at $28,340,553 over the last quarter. Company insiders own 0.13% of the company's stock.

Visa Price Performance

V stock opened at $350.72 on Thursday. The stock has a 50-day moving average price of $347.87 and a two-hundred day moving average price of $347.44. Visa Inc. has a 12-month low of $267.67 and a 12-month high of $375.51. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The company has a market cap of $642.80 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94.

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 for the quarter, topping the consensus estimate of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter in the prior year, the business earned $2.42 earnings per share. The company's revenue was up 14.3% compared to the same quarter last year. As a group, research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa's dividend payout ratio is presently 23.05%.

Visa Company Profile

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.

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