4,300 Shares in Visa Inc. $V Bought by Titiun Yejiel

Titiun Yejiel bought a new position in shares of Visa Inc. (NYSE:V) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 4,300 shares of the credit-card processor’s stock, valued at approximately $1,475,000. Visa accounts for approximately 1.3% of Titiun Yejiel’s portfolio, making the stock its 28th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Visa during the fourth quarter worth about $5,877,738,000. Cardano Risk Management B.V. lifted its stake in Visa by 867.6% in the 4th quarter. Cardano Risk Management B.V. now owns 8,213,610 shares of the credit-card processor’s stock valued at $2,880,595,000 after acquiring an additional 7,364,762 shares in the last quarter. Diamant Asset Management Inc. boosted its position in Visa by 29,706.3% during the 1st quarter. Diamant Asset Management Inc. now owns 7,332,947 shares of the credit-card processor’s stock worth $2,216,310,000 after acquiring an additional 7,308,345 shares during the last quarter. J. Stern & Co. LLP boosted its position in Visa by 12,497.1% during the 4th quarter. J. Stern & Co. LLP now owns 3,378,039 shares of the credit-card processor’s stock worth $1,184,712,000 after acquiring an additional 3,351,223 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Visa by 48.2% during the 4th quarter. Victory Capital Management Inc. now owns 6,508,089 shares of the credit-card processor’s stock worth $2,282,472,000 after acquiring an additional 2,116,463 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 10,490 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $343.99, for a total value of $3,608,455.10. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,219,704.26. This represents a 40.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total transaction of $729,720.00. Following the completion of the sale, the general counsel owned 18,404 shares of the company’s stock, valued at $6,625,440. This trade represents a 9.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 90,759 shares of company stock worth $32,375,779 over the last quarter. 0.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

V has been the topic of a number of recent research reports. Barclays assumed coverage on shares of Visa in a report on Tuesday, July 7th. They issued an “overweight” rating and a $420.00 price objective on the stock. Susquehanna restated a “positive” rating and set a $427.00 target price (up from $410.00) on shares of Visa in a report on Wednesday, July 29th. Clear Str raised shares of Visa to a “strong-buy” rating in a research report on Thursday, July 16th. Evercore set a $350.00 price target on shares of Visa in a research note on Wednesday, April 29th. Finally, Morgan Stanley reissued an “overweight” rating and set a $416.00 price target on shares of Visa in a research report on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $413.58.

Visa Stock Down 0.1%

NYSE:V opened at $363.91 on Monday. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $373.97. The firm has a market capitalization of $649.37 billion, a price-to-earnings ratio of 30.94, a price-to-earnings-growth ratio of 1.95 and a beta of 0.74. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average price is $349.37 and its two-hundred day moving average price is $328.29.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, beating the consensus estimate of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter in the prior year, the firm posted $2.98 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts expect that Visa Inc. will post 13.15 earnings per share for the current fiscal year.

Visa announced that its board has initiated a stock repurchase plan on Tuesday, April 28th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the credit-card processor to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a $0.67 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. Visa’s dividend payout ratio (DPR) is currently 22.79%.

About Visa

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.