Banco Bilbao Vizcaya Argentaria S.A. Decreases Stock Holdings in Visa Inc. $V

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,910 shares of the credit-card processor's stock after selling 9,454 shares during the period. Visa accounts for about 1.1% of Banco Bilbao Vizcaya Argentaria S.A.'s holdings, making the stock its 14th largest holding. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Visa were worth $113,208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of V. GAMMA Investing LLC grew its holdings in shares of 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 acquiring an additional 14,723,050 shares during the period. Nuveen LLC bought a new position in Visa in the 1st quarter valued at approximately $3,518,533,000. Northern Trust Corp lifted its holdings in shares of Visa by 18.0% during the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after buying an additional 2,785,707 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Visa in the 4th quarter worth $673,689,000. Finally, Kovitz Investment Group Partners LLC raised its holdings in Visa by 295.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,362,202 shares of the credit-card processor's stock worth $746,550,000 after purchasing an additional 1,764,781 shares during the period. Institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group assumed coverage on Visa in a report on Monday, June 2nd. They set a "neutral" rating on the stock. Truist Financial decreased their price target on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Piper Sandler lifted their price target on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, Macquarie upped their price target on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and a consensus price target of $380.84.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,127 shares of company stock valued at $28,340,553 over the last quarter. Corporate insiders own 0.13% of the company's stock.

Visa Stock Up 0.4%

Shares of V traded up $1.54 during midday trading on Wednesday, reaching $343.99. The stock had a trading volume of 5,831,705 shares, compared to its average volume of 6,355,473. Visa Inc. has a 1-year low of $265.31 and a 1-year high of $375.51. The company's fifty day simple moving average is $349.13 and its two-hundred day simple moving average is $347.41. The company has a market cap of $630.46 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 2.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share 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 analyst estimates of $9.82 billion. During the same period last year, the business earned $2.42 EPS. The company's revenue was up 14.3% on a year-over-year basis. Equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be issued 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 payout ratio is presently 23.05%.

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.