Visa Inc. $V Stock Holdings Lifted by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Visa Inc. (NYSE:VFree Report) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 667,496 shares of the credit-card processor’s stock after purchasing an additional 13,720 shares during the period. Visa accounts for about 1.4% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 10th largest holding. Mn Services Vermogensbeheer B.V.’s holdings in Visa were worth $234,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. MOR Wealth Management LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $243,000. Barlow Wealth Partners LLC lifted its position in Visa by 1.9% during the fourth quarter. Barlow Wealth Partners LLC now owns 105,509 shares of the credit-card processor’s stock worth $36,904,000 after buying an additional 1,937 shares in the last quarter. Haven Capital Group Inc. boosted its stake in Visa by 6.8% during the fourth quarter. Haven Capital Group Inc. now owns 4,852 shares of the credit-card processor’s stock worth $1,702,000 after buying an additional 308 shares during the last quarter. Cooper Investors PTY Ltd. boosted its stake in Visa by 1.1% during the fourth quarter. Cooper Investors PTY Ltd. now owns 23,161 shares of the credit-card processor’s stock worth $8,123,000 after buying an additional 261 shares during the last quarter. Finally, Centennial Wealth Advisory LLC grew its holdings in Visa by 9.0% in the 4th quarter. Centennial Wealth Advisory LLC now owns 1,772 shares of the credit-card processor’s stock valued at $622,000 after buying an additional 146 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 9,401 shares of the company’s stock, valued at $3,282,641.18. This trade represents a 52.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lloyd Carney sold 650 shares of Visa stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the sale, the director owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.12% of the company’s stock.

Visa Price Performance

V stock opened at $298.76 on Thursday. Visa Inc. has a 52-week low of $293.89 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 stock has a market cap of $542.30 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The business has a fifty day moving average of $316.08 and a two-hundred day moving average of $332.01.

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

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Visa’s dividend payout ratio is presently 25.14%.

More Visa News

Here are the key news stories impacting Visa this week:

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Bank of America initiated coverage on Visa in a research note on Thursday, March 5th. They issued a “buy” rating and a $410.00 target price for the company. Daiwa Securities Group raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price objective for the company in a report on Monday, February 2nd. Cantor Fitzgerald upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday, January 27th. Rothschild & Co Redburn set a $385.00 price objective on shares of Visa in a research report on Wednesday, January 28th. Finally, HSBC raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Buy” and an average target price of $390.96.

View Our Latest Research Report on Visa

Visa Profile

(Free Report)

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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