Visa Inc. $V Shares Acquired by Swiss National Bank

Swiss National Bank grew its stake in Visa Inc. (NYSE:VFree Report) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,947,360 shares of the credit-card processor’s stock after buying an additional 292,480 shares during the period. Visa accounts for 0.9% of Swiss National Bank’s holdings, making the stock its 15th biggest position. Swiss National Bank’s holdings in Visa were worth $1,495,290,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ransom Advisory Ltd increased its position in shares of Visa by 0.3% in the 4th quarter. Ransom Advisory Ltd now owns 9,447 shares of the credit-card processor’s stock valued at $3,313,000 after acquiring an additional 30 shares during the period. FOCUS Wealth Advisors LLC raised its stake in Visa by 0.4% in the 4th quarter. FOCUS Wealth Advisors LLC now owns 7,710 shares of the credit-card processor’s stock worth $2,704,000 after acquiring an additional 31 shares during the last quarter. Planned Solutions Inc. lifted its position in Visa by 2.0% during the 4th quarter. Planned Solutions Inc. now owns 1,598 shares of the credit-card processor’s stock worth $560,000 after acquiring an additional 31 shares during the period. Frederick Financial Consultants LLC lifted its position in Visa by 2.0% during the 4th quarter. Frederick Financial Consultants LLC now owns 1,598 shares of the credit-card processor’s stock worth $560,000 after acquiring an additional 31 shares during the period. Finally, Spinnaker Investment Group LLC grew its stake in Visa by 3.0% during the 4th quarter. Spinnaker Investment Group LLC now owns 1,088 shares of the credit-card processor’s stock valued at $382,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

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Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total transaction of $729,720.00. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at approximately $6,625,440. This trade represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the transaction, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at $3,206,524.32. The trade was a 51.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 75,581 shares of company stock valued at $25,627,975 over the last ninety days. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on V shares. Clear Str raised Visa to a “strong-buy” rating in a report on Thursday. BMO Capital Markets reiterated an “outperform” rating and issued a $387.00 target price (up from $375.00) on shares of Visa in a research report on Wednesday. Raymond James Financial reiterated an “outperform” rating and issued a $389.00 target price on shares of Visa in a research report on Wednesday, April 29th. Oppenheimer reiterated an “outperform” rating and issued a $403.00 price target (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Finally, Weiss Ratings raised shares of Visa from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 6th. Seven equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Visa presently has an average rating of “Buy” and an average price target of $398.36.

View Our Latest Stock Analysis on Visa

Visa Price Performance

NYSE:V opened at $358.51 on Friday. The firm’s fifty day moving average is $334.41 and its two-hundred day moving average is $325.20. The firm has a market cap of $643.08 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.91 and a beta of 0.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. Visa Inc. has a one year low of $293.89 and a one year high of $365.14.

Visa (NYSE:VGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted $2.76 EPS. Research analysts expect that Visa Inc. will post 13.11 EPS for the current year.

Visa announced that its Board of Directors has initiated a share buyback program on Tuesday, April 28th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is 23.34%.

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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