Visa Inc. $V Position Raised by Makena Capital Management LLC

Makena Capital Management LLC grew its stake in Visa Inc. (NYSE:V) by 27.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,491 shares of the credit-card processor’s stock after purchasing an additional 20,440 shares during the period. Visa makes up about 3.3% of Makena Capital Management LLC’s portfolio, making the stock its 7th biggest position. Makena Capital Management LLC’s holdings in Visa were worth $32,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. TSA Wealth Managment LLC increased its position in Visa by 4.9% during the third quarter. TSA Wealth Managment LLC now owns 659 shares of the credit-card processor’s stock valued at $225,000 after acquiring an additional 31 shares during the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of Visa by 3.0% in the 3rd quarter. Koshinski Asset Management Inc. now owns 9,182 shares of the credit-card processor’s stock worth $3,135,000 after acquiring an additional 265 shares during the last quarter. Westerkirk Capital Inc. boosted its stake in shares of Visa by 8.3% during the 3rd quarter. Westerkirk Capital Inc. now owns 43,053 shares of the credit-card processor’s stock worth $14,697,000 after purchasing an additional 3,287 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Visa by 1.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 60,050 shares of the credit-card processor’s stock worth $20,500,000 after purchasing an additional 883 shares during the period. Finally, Gardner Lewis Asset Management L P bought a new position in Visa during the 3rd quarter valued at about $1,338,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.6%

Shares of NYSE:V opened at $320.90 on Monday. The business’s 50 day moving average is $336.40 and its 200 day moving average is $338.95. The stock has a market cap of $582.49 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 1.84 and a beta of 0.79. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

Visa (NYSE:V) last issued its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same period in the prior year, the business earned $2.75 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. Sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 10th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s dividend payout ratio is 25.14%.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the transaction, the chief executive officer owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This trade represents a 52.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Truist Financial set a $372.00 price objective on shares of Visa in a research note on Tuesday, February 10th. Evercore set a $380.00 price target on Visa in a report on Friday, December 12th. HSBC upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $408.00 price objective (up previously from $398.00) on shares of Visa in a research report on Wednesday, October 29th. Finally, Daiwa Securities Group upgraded Visa from a “neutral” rating to an “outperform” rating and set a $370.00 target price on the stock in a research note on Monday, February 2nd. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Buy” and an average target price of $391.43.

Visa Profile

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.