Visa Inc. $V Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH decreased its holdings in shares of Visa Inc. (NYSE:V) by 35.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 443,826 shares of the credit-card processor’s stock after selling 241,635 shares during the quarter. Visa makes up approximately 1.5% of Erste Asset Management GmbH’s holdings, making the stock its 10th largest holding. Erste Asset Management GmbH’s holdings in Visa were worth $150,883,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in V. Norges Bank acquired a new position in Visa in the second quarter valued at about $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 valued at $6,769,936,000 after acquiring an additional 2,429,996 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Visa by 110.4% in the 2nd quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor’s stock valued at $1,396,930,000 after acquiring an additional 2,075,289 shares during the period. Vanguard Group Inc. raised its position in shares of Visa by 0.9% in 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 period. Finally, Geode Capital Management LLC boosted its stake in Visa by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 43,096,802 shares of the credit-card processor’s stock worth $15,253,245,000 after acquiring an additional 1,067,631 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the sale, the chief executive officer owned 9,401 shares in the company, valued at approximately $3,282,641.18. This represents a 52.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $395.00 price target on shares of Visa in a report on Friday, January 30th. UBS Group reissued a “buy” rating on shares of Visa in a research note on Tuesday, January 13th. Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Piper Sandler set a $160.00 price objective on Visa in a research report on Wednesday, January 28th. Finally, Macquarie Infrastructure restated an “outperform” rating and set a $410.00 target price on shares of Visa in a report on Friday, January 30th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Visa has an average rating of “Buy” and an average target price of $391.43.

Visa Trading Up 1.2%

NYSE V opened at $316.65 on Friday. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The stock’s 50 day moving average price is $333.60 and its two-hundred day moving average price is $338.23. The stock has a market capitalization of $574.77 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 1.79 and a beta of 0.79.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. The company had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company earned $2.75 earnings per share. As a group, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 10th will be given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s payout ratio is currently 25.14%.

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.