Handelsbanken Fonder AB Has $220.43 Million Stake in Visa Inc. $V

Handelsbanken Fonder AB lowered its stake in Visa Inc. (NYSE:V) by 1.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 645,703 shares of the credit-card processor’s stock after selling 7,025 shares during the period. Visa makes up approximately 0.7% of Handelsbanken Fonder AB’s holdings, making the stock its 18th biggest position. Handelsbanken Fonder AB’s holdings in Visa were worth $220,430,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Visa by 0.9% during the second quarter. Vanguard Group Inc. now owns 162,544,006 shares of the credit-card processor’s stock worth $57,711,249,000 after purchasing an additional 1,461,575 shares during the period. Geode Capital Management LLC raised its position in shares of Visa by 2.5% in the second quarter. Geode Capital Management LLC now owns 43,096,802 shares of the credit-card processor’s stock valued at $15,253,245,000 after purchasing an additional 1,067,631 shares during the period. Norges Bank acquired a new stake in shares of Visa in the second quarter worth $7,034,939,000. TCI Fund Management Ltd. lifted its stake in shares of Visa by 14.6% in the second quarter. TCI Fund Management Ltd. now owns 19,067,558 shares of the credit-card processor’s stock worth $6,769,936,000 after buying an additional 2,429,996 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Visa by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 12,820,885 shares of the credit-card processor’s stock worth $4,552,057,000 after buying an additional 145,665 shares during the period. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on V shares. TD Cowen reiterated a “buy” rating on shares of Visa in a report on Friday, January 30th. Freedom Capital upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Morgan Stanley reiterated an “overweight” rating and issued a $411.00 price objective (up from $398.00) on shares of Visa in a research note on Friday, January 30th. Piper Sandler set a $160.00 price objective on Visa in a research report on Wednesday, January 28th. Finally, Macquarie Infrastructure restated an “outperform” rating and set a $410.00 target price on shares of Visa in a research note on Friday, January 30th. Seven 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $391.43.

Visa Stock Performance

NYSE:V opened at $316.65 on Friday. The firm’s 50-day moving average is $333.60 and its 200-day moving average is $338.23. The company has a market cap of $574.77 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 1.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51.

Visa (NYSE:V) last released its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.69 billion. During the same period last year, the business earned $2.75 earnings per share. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, February 10th. Visa’s dividend payout ratio (DPR) is presently 25.14%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the transaction, the chief executive officer directly owned 9,401 shares in the company, valued at approximately $3,282,641.18. This represents a 52.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

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.