Pensionfund Sabic Takes $5.05 Million Position in Visa Inc. $V

Pensionfund Sabic bought a new position in shares of Visa Inc. (NYSE:VFree Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 14,400 shares of the credit-card processor’s stock, valued at approximately $5,050,000. Visa accounts for approximately 1.4% of Pensionfund Sabic’s investment portfolio, making the stock its 12th largest position.

Several other large investors also recently bought and sold shares of the stock. Amplius Wealth Advisors LLC increased its holdings in Visa by 14.6% during the 4th quarter. Amplius Wealth Advisors LLC now owns 1,564 shares of the credit-card processor’s stock worth $549,000 after purchasing an additional 199 shares during the period. RoundAngle Advisors LLC boosted its stake in shares of Visa by 6.3% in the 4th quarter. RoundAngle Advisors LLC now owns 5,466 shares of the credit-card processor’s stock valued at $1,917,000 after buying an additional 322 shares during the period. Gilman Hill Asset Management LLC grew its position in shares of Visa by 51.9% during the fourth quarter. Gilman Hill Asset Management LLC now owns 2,271 shares of the credit-card processor’s stock worth $797,000 after buying an additional 776 shares in the last quarter. Founders Grove Wealth Partners LLC grew its position in shares of Visa by 3.0% during the fourth quarter. Founders Grove Wealth Partners LLC now owns 3,063 shares of the credit-card processor’s stock worth $1,074,000 after buying an additional 88 shares in the last quarter. Finally, Perennial Advisors LLC increased its stake in shares of Visa by 2.4% during the fourth quarter. Perennial Advisors LLC now owns 37,886 shares of the credit-card processor’s stock worth $13,287,000 after buying an additional 885 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Truist Financial set a $372.00 target price on shares of Visa in a report on Tuesday, February 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research report on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and issued a $411.00 price objective (up from $398.00) on shares of Visa in a report on Friday, January 30th. Rothschild & Co Redburn set a $385.00 price objective on shares of Visa in a research report on Wednesday, January 28th. Finally, HSBC upgraded 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, nineteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $392.65.

Check Out Our Latest Report on Visa

Visa Stock Performance

Shares of V opened at $305.43 on Friday. The company has a market capitalization of $554.40 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.75 and a beta of 0.78. Visa Inc. has a 52-week low of $297.03 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 50 day moving average price of $318.34 and a 200 day moving average price of $333.26.

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

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Visa’s dividend payout ratio (DPR) is currently 25.14%.

Insider Buying and Selling at Visa

In related news, Director Lloyd Carney sold 650 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the sale, the director directly owned 2,679 shares of the company’s stock, valued at $829,471.98. The trade was a 19.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on 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 represents a 52.73% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by company insiders.

Visa Company 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.

See Also

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.