Dimensional Fund Advisors LP Has $2.97 Billion Holdings in Visa Inc. (NYSE:V)

Dimensional Fund Advisors LP increased its holdings in shares of Visa Inc. (NYSE:V) by 0.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,471,084 shares of the credit-card processor’s stock after purchasing an additional 36,149 shares during the quarter. Visa accounts for 0.7% of Dimensional Fund Advisors LP’s holdings, making the stock its 10th biggest position. Dimensional Fund Advisors LP owned approximately 0.46% of Visa worth $2,968,272,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of V. von Borstel & Associates Inc. bought a new position in shares of Visa during the 1st quarter worth approximately $27,000. Measured Risk Portfolios Inc. bought a new position in shares of Visa during the 4th quarter worth approximately $47,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the 1st quarter worth approximately $54,000. Global X Japan Co. Ltd. bought a new position in shares of Visa during the 1st quarter worth approximately $56,000. Finally, Cedar Mountain Advisors LLC grew its stake in shares of Visa by 28.5% during the 1st quarter. Cedar Mountain Advisors LLC now owns 167 shares of the credit-card processor’s stock worth $59,000 after acquiring an additional 37 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

NYSE:V opened at $345.53 on Friday. The stock’s 50-day moving average is $350.69 and its 200-day moving average is $347.27. Visa Inc. has a 1-year low of $262.84 and a 1-year high of $375.51. The stock has a market cap of $633.27 billion, a P/E ratio of 33.74, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating 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 business had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same period in the prior year, the business posted $2.42 earnings per share. The firm’s revenue was up 14.3% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa’s dividend payout ratio is presently 23.05%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $9,772,810. This represents a 63.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,100 shares of company stock worth $27,643,224 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on V shares. BMO Capital Markets raised their target price on shares of Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Citigroup began coverage on shares of Visa in a research note on Monday, June 2nd. They issued a “buy” rating for the company. UBS Group reaffirmed a “buy” rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. The Goldman Sachs Group began coverage on Visa in a report on Monday, June 2nd. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on Visa in a report on Thursday, July 17th. They set a “buy” rating and a $410.00 price target for the company. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $380.84.

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.