Visa Inc. (NYSE:V) is AMF Tjanstepension AB’s 4th Largest Position

AMF Tjanstepension AB boosted its stake in shares of Visa Inc. (NYSE:V) by 7.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,639,576 shares of the credit-card processor’s stock after acquiring an additional 115,465 shares during the period. Visa comprises about 3.5% of AMF Tjanstepension AB’s holdings, making the stock its 4th biggest holding. AMF Tjanstepension AB owned 0.09% of Visa worth $457,636,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Alaethes Wealth LLC grew its holdings in shares of Visa by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock worth $2,302,000 after buying an additional 37 shares in the last quarter. Jessup Wealth Management Inc increased its stake in Visa by 0.7% in the 1st quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock valued at $1,410,000 after buying an additional 37 shares during the last quarter. Garden State Investment Advisory Services LLC grew its holdings in shares of Visa by 1.8% in the 4th quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock valued at $571,000 after acquiring an additional 38 shares in the last quarter. Holistic Financial Partners increased its position in shares of Visa by 2.0% in the fourth quarter. Holistic Financial Partners now owns 1,975 shares of the credit-card processor’s stock valued at $514,000 after acquiring an additional 39 shares during the last quarter. Finally, GoalVest Advisory LLC raised its holdings in Visa by 3.4% during the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock worth $317,000 after acquiring an additional 40 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Insiders have sold a total of 34,402 shares of company stock worth $9,559,382 over the last 90 days. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on V shares. Redburn Atlantic restated a “neutral” rating and issued a $307.00 price target on shares of Visa in a research note on Wednesday, March 27th. Wells Fargo & Company increased their price target on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Oppenheimer lifted their price objective on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Royal Bank of Canada upped their target price on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Piper Sandler began coverage on Visa in a report on Monday, May 13th. They set an “overweight” rating and a $322.00 price target for the company. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $303.56.

Visa Price Performance

Shares of NYSE:V traded down $4.29 during midday trading on Friday, hitting $262.30. The stock had a trading volume of 13,955,117 shares, compared to its average volume of 6,809,445. The company’s 50-day moving average price is $273.88 and its 200-day moving average price is $273.41. Visa Inc. has a fifty-two week low of $227.68 and a fifty-two week high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $479.73 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts predict that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio is presently 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.