Visa Inc. (NYSE:V) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its holdings in Visa Inc. (NYSE:V) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 611,676 shares of the credit-card processor’s stock after selling 13,900 shares during the quarter. Visa makes up about 1.2% of Mn Services Vermogensbeheer B.V.’s investment portfolio, making the stock its 11th largest holding. Mn Services Vermogensbeheer B.V.’s holdings in Visa were worth $168,180,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in V. WFA Asset Management Corp boosted its holdings in Visa by 4.6% in the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock worth $632,000 after purchasing an additional 100 shares during the period. China Universal Asset Management Co. Ltd. lifted its stake in Visa by 46.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 50,328 shares of the credit-card processor’s stock valued at $14,046,000 after buying an additional 16,078 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Visa by 6.9% in the first quarter. Daiwa Securities Group Inc. now owns 270,044 shares of the credit-card processor’s stock valued at $75,364,000 after buying an additional 17,521 shares during the last quarter. Wright Investors Service Inc. lifted its stake in Visa by 0.9% in the first quarter. Wright Investors Service Inc. now owns 16,841 shares of the credit-card processor’s stock valued at $4,700,000 after buying an additional 152 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC lifted its stake in Visa by 13.4% in the first quarter. Baron Silver Stevens Financial Advisors LLC now owns 3,743 shares of the credit-card processor’s stock valued at $1,045,000 after buying an additional 442 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on V shares. Compass Point started coverage on Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price on the stock. BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 target price on the stock in a research note on Tuesday, September 3rd. Bank of America raised their target price on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Piper Sandler lifted their price objective on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $321.74.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by insiders.

Visa Trading Up 0.4 %

Shares of V opened at $291.85 on Tuesday. The business’s 50-day moving average price is $281.47 and its 200 day moving average price is $273.80. The stock has a market capitalization of $531.84 billion, a P/E ratio of 29.99, a P/E/G ratio of 1.95 and a beta of 0.95. Visa Inc. has a 1-year low of $240.97 and a 1-year high of $296.34. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $2.33 EPS. Analysts expect that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Increases Dividend

The firm also recently announced 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. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.81%. Visa’s dividend payout ratio is currently 21.38%.

About Visa

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.