Vinva Investment Management Ltd Increases Stake in Visa Inc. (NYSE:V)

Vinva Investment Management Ltd boosted its stake in Visa Inc. (NYSE:V) by 14.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,940 shares of the credit-card processor’s stock after purchasing an additional 9,588 shares during the period. Visa comprises 0.9% of Vinva Investment Management Ltd’s investment portfolio, making the stock its 14th largest position. Vinva Investment Management Ltd’s holdings in Visa were worth $20,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. WFA Asset Management Corp increased its stake in shares of Visa by 4.6% during the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock valued at $632,000 after buying an additional 100 shares during the period. ARQ Wealth Advisors LLC purchased a new position in shares of Visa during the first quarter valued at approximately $397,000. PGGM Investments increased its stake in shares of Visa by 7.4% during the first quarter. PGGM Investments now owns 204,034 shares of the credit-card processor’s stock valued at $56,942,000 after buying an additional 14,092 shares during the period. Cetera Investment Advisers increased its stake in shares of Visa by 303.8% during the first quarter. Cetera Investment Advisers now owns 652,881 shares of the credit-card processor’s stock valued at $182,206,000 after buying an additional 491,179 shares during the period. Finally, Cetera Advisors LLC increased its stake in shares of Visa by 57.7% during the first quarter. Cetera Advisors LLC now owns 167,187 shares of the credit-card processor’s stock valued at $46,659,000 after buying an additional 61,141 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 0.9 %

Shares of NYSE V opened at $314.65 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50 day moving average price is $290.89 and its 200-day moving average price is $278.06. Visa Inc. has a fifty-two week low of $251.61 and a fifty-two week high of $316.37. The company has a market cap of $586.15 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 2.10 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $2.33 EPS. On average, sell-side analysts expect that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $148,687.06. This represents a 94.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on V shares. TD Cowen boosted their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Mizuho lifted their price target on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Oppenheimer restated an “outperform” rating and set a $321.00 price target (up from $318.00) on shares of Visa in a research report on Wednesday, October 30th. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. Finally, Bank of America lifted their price target on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $321.74.

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.