Visa Inc. (NYSE:V) Stock Holdings Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in shares of Visa Inc. (NYSE:V) by 2.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 573,024 shares of the credit-card processor’s stock after purchasing an additional 15,176 shares during the period. Visa comprises approximately 0.6% of Handelsbanken Fonder AB’s holdings, making the stock its 21st largest position. Handelsbanken Fonder AB’s holdings in Visa were worth $157,553,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in Visa by 4,412.3% in the third quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor’s stock worth $1,119,725,000 after acquiring an additional 4,166,905 shares in the last quarter. National Bank of Canada FI boosted its position in Visa by 787.1% during the first quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock worth $1,296,820,000 after purchasing an additional 4,099,122 shares during the period. Swedbank AB bought a new position in shares of Visa in the first quarter valued at approximately $511,321,000. GQG Partners LLC lifted its stake in shares of Visa by 40.1% in the first quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock worth $1,671,866,000 after buying an additional 1,715,686 shares during the last quarter. Finally, Wulff Hansen & CO. boosted its holdings in shares of Visa by 26,951.9% during the 2nd quarter. Wulff Hansen & CO. now owns 1,587,944 shares of the credit-card processor’s stock worth $416,788,000 after buying an additional 1,582,074 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on V. TD Cowen decreased their price target on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Bank of America raised their target price on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. William Blair upgraded Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Citigroup lowered their price objective on shares of Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, BMO Capital Markets upped their target price on shares of Visa from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $312.04.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

Visa Trading Up 0.4 %

Shares of NYSE V traded up $1.07 during mid-day trading on Friday, hitting $277.93. The company’s stock had a trading volume of 4,260,920 shares, compared to its average volume of 7,201,777. The company’s fifty day simple moving average is $273.00 and its 200-day simple moving average is $272.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. Visa Inc. has a one year low of $228.03 and a one year high of $293.07. The stock has a market cap of $508.32 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. The business had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $2.16 EPS. On average, sell-side analysts anticipate that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Friday, August 9th. Visa’s dividend payout ratio is currently 23.24%.

Visa 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.