AG2R LA Mondiale Gestion D Actifs Increases Stake in Visa Inc. $V

AG2R LA Mondiale Gestion D Actifs grew its position in Visa Inc. (NYSE:V) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,032 shares of the credit-card processor’s stock after acquiring an additional 355 shares during the quarter. Visa comprises about 1.2% of AG2R LA Mondiale Gestion D Actifs’ portfolio, making the stock its 13th largest position. AG2R LA Mondiale Gestion D Actifs’ holdings in Visa were worth $22,735,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Fielder Capital Group LLC lifted its holdings in Visa by 1.8% during the 2nd quarter. Fielder Capital Group LLC now owns 3,493 shares of the credit-card processor’s stock valued at $1,240,000 after buying an additional 61 shares in the last quarter. Curio Wealth LLC lifted its holdings in Visa by 49,250.0% during the 2nd quarter. Curio Wealth LLC now owns 987 shares of the credit-card processor’s stock valued at $350,000 after buying an additional 985 shares in the last quarter. NatWest Group plc lifted its holdings in Visa by 43.8% during the 2nd quarter. NatWest Group plc now owns 45,660 shares of the credit-card processor’s stock valued at $16,212,000 after buying an additional 13,912 shares in the last quarter. Hobart Private Capital LLC lifted its holdings in Visa by 265.6% during the 2nd quarter. Hobart Private Capital LLC now owns 4,215 shares of the credit-card processor’s stock valued at $1,497,000 after buying an additional 3,062 shares in the last quarter. Finally, Peterson Wealth Services lifted its holdings in Visa by 0.5% during the 2nd quarter. Peterson Wealth Services now owns 22,219 shares of the credit-card processor’s stock valued at $7,889,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on V shares. Barclays reiterated an “overweight” rating and set a $408.00 price objective (up previously from $396.00) on shares of Visa in a report on Thursday, July 31st. Oppenheimer lifted their price objective on shares of Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Robert W. Baird set a $410.00 price objective on shares of Visa and gave the company an “outperform” rating in a report on Monday, October 6th. Macquarie raised their target price on shares of Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, Morgan Stanley raised their target price on shares of Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $392.75.

Visa Stock Up 0.1%

Shares of Visa stock opened at $347.71 on Tuesday. The firm’s 50 day moving average price is $344.89 and its 200-day moving average price is $348.09. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 52-week low of $281.35 and a 52-week high of $375.51. The company has a market cap of $637.28 billion, a P/E ratio of 33.96, a PEG ratio of 2.05 and a beta of 0.90.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter in the previous year, the firm earned $2.42 EPS. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at $183,815.10. The trade was a 95.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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.