Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in shares of Visa Inc. (NYSE:V – Free Report) by 460.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,800 shares of the credit-card processor’s stock after buying an additional 2,300 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Visa were worth $982,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clayton Financial Group LLC raised its holdings in Visa by 446.2% during the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after buying an additional 58 shares during the last quarter. PayPay Securities Corp raised its holdings in Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 38 shares during the last quarter. Parvin Asset Management LLC raised its holdings in Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 50 shares during the last quarter. Dorato Capital Management bought a new stake in Visa during the 4th quarter valued at $30,000. Finally, Imprint Wealth LLC bought a new stake in Visa during the 3rd quarter valued at $39,000. 82.15% of the stock is currently owned by institutional investors.
Key Stories Impacting Visa
Here are the key news stories impacting Visa this week:
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Weiss Ratings lowered shares of Visa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Citigroup lowered their price target on shares of Visa from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday. Freedom Capital upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Truist Financial set a $372.00 price target on shares of Visa in a report on Tuesday, February 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $395.00 price target on shares of Visa in a report on Friday, January 30th. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $388.88.
Get Our Latest Stock Analysis on Visa
Visa Stock Up 0.7%
Shares of Visa stock opened at $317.33 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $311.24 and its two-hundred day simple moving average is $329.42. The company has a market cap of $576.01 billion, a P/E ratio of 29.77, a PEG ratio of 1.80 and a beta of 0.80. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $375.51.
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. The business had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.75 EPS. Research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.
Visa Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, February 10th. Visa’s payout ratio is presently 25.14%.
Insider Transactions at Visa
In other news, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the sale, the director directly owned 2,679 shares of the company’s stock, valued at $829,471.98. This represents a 19.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.12% of the company’s stock.
Visa Company 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.
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