Visa Inc. (NYSE:V) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its holdings in shares of Visa Inc. (NYSE:V) by 33.0% in the 4th quarter, Holdings Channel reports. The firm owned 91,427 shares of the credit-card processor’s stock after buying an additional 22,678 shares during the period. Visa makes up approximately 0.7% of NEOS Investment Management LLC’s portfolio, making the stock its 20th largest holding. NEOS Investment Management LLC’s holdings in Visa were worth $28,895,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor’s stock valued at $50,378,465,000 after acquiring an additional 7,079,706 shares during the last quarter. State Street Corp lifted its holdings in shares of Visa by 4.5% during the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor’s stock valued at $21,064,179,000 after purchasing an additional 3,327,977 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Visa by 7.7% during the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor’s stock valued at $10,601,135,000 after purchasing an additional 2,772,549 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Visa by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor’s stock worth $3,868,646,000 after purchasing an additional 718,558 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Visa by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,597,969 shares of the credit-card processor’s stock worth $3,188,862,000 after buying an additional 123,927 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This trade represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,560,961 in the last quarter. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of NYSE V opened at $344.05 on Thursday. The business’s 50-day simple moving average is $342.50 and its 200-day simple moving average is $314.42. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The firm has a market cap of $639.17 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analyst Weigh In

Several research analysts have commented on V shares. Raymond James reiterated an “outperform” rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Barclays lifted their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

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.