Visa Inc. $V Holdings Boosted by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Visa Inc. (NYSE:VFree Report) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 653,776 shares of the credit-card processor’s stock after purchasing an additional 8,400 shares during the period. Visa comprises 1.4% of Mn Services Vermogensbeheer B.V.’s investment portfolio, making the stock its 10th biggest position. Mn Services Vermogensbeheer B.V.’s holdings in Visa were worth $223,186,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of V. Harbor Asset Planning Inc. purchased a new stake in Visa during the 2nd quarter worth approximately $29,000. Sagard Holdings Management Inc. acquired a new stake in shares of Visa in the second quarter worth approximately $31,000. Bare Financial Services Inc boosted its stake in shares of Visa by 287.0% in the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 66 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Visa during the second quarter worth approximately $36,000. Finally, Winnow Wealth LLC acquired a new position in Visa in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on V. UBS Group reaffirmed a “buy” rating on shares of Visa in a research note on Tuesday, January 13th. Truist Financial set a $374.00 price target on shares of Visa in a research report on Tuesday. Hsbc Global Res upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, KeyCorp restated an “overweight” rating and issued a $405.00 price target on shares of Visa in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Visa currently has a consensus rating of “Buy” and an average price target of $401.52.

Read Our Latest Stock Analysis on V

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,172 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the completion of the transaction, the insider owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 900 shares of Visa stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the sale, the director owned 2,468 shares of the company’s stock, valued at $830,432.64. This trade represents a 26.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 24,042 shares of company stock valued at $8,247,289. 0.12% of the stock is currently owned by insiders.

Visa Stock Performance

Visa stock opened at $326.01 on Friday. The firm has a 50 day simple moving average of $338.50 and a 200-day simple moving average of $342.42. The stock has a market cap of $593.90 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51.

Visa (NYSE:VGet Free Report) last released its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. The firm had revenue of $10.72 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.71 earnings per share. On average, analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio (DPR) is currently 26.25%.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

About Visa

(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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