Robeco Institutional Asset Management BV increased its holdings of Visa Inc. (NYSE: V – Get Rating) shares by 2.2% in Q1, according to its latest Form 13F filed with the Securities & Exchange Commission. The fund held 2,820,577 shares of the credit card processor after buying an additional 59,710 shares during the quarter. Visa represents approximately 1.5% of Robeco Institutional Asset Management BV’s portfolio, making it its 5th position. Robeco Institutional Asset Management BV held approximately 0.15% of Visa worth $625,522,000 when last filed with the SEC.
A number of other hedge funds have also increased or reduced their stakes in the company. Capital Advisors Wealth Management LLC increased its holdings of Visa shares by 0.4% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 10,563 shares of the credit card processor worth $2,289,000 after acquiring 45 more shares in the last quarter. Corbett Road Capital Management LLC increased its holdings of Visa shares by 3.1% in the fourth quarter. Corbett Road Capital Management LLC now owns 1,486 shares of the credit card processor worth $322,000 after acquiring 45 more shares in the last quarter. Financial Consulate Inc. increased its holdings of Visa shares by 1.0% in the fourth quarter. Financial Consulate Inc. now owns 4,851 shares of the credit card processor worth $1,051,000 after acquiring 46 more shares in the last quarter. Tranquilli Financial Advisor LLC increased its holdings of Visa shares by 3.1% in Q4. Tranquilli Financial Advisor LLC now owns 1,537 shares of the credit card processor worth $333,000 after acquiring 46 more shares in the last quarter. Finally, Cross Staff Investments Inc increased its stake in Visa shares by 0.7% in the 1st quarter. Cross Staff Investments Inc now owns 6,801 shares of the credit card processor worth $1,508,000 after acquiring 47 more shares in the last quarter. Institutional investors and hedge funds hold 80.77% of the company’s shares.
A number of equity research analysts have weighed in on V shares recently. StockNews.com upgraded Visa shares from a “hold” to a “buy” rating in a Thursday, April 28 report. . Piper Sandler lowered her price target on Visa shares from $239.00 to $204.00 and set an “overweight” rating for the company in a Wednesday, July 6 report. Mizuho cut its price target on Visa shares from $235.00 to $215.00 and set a “neutral” rating for the company in a Friday, July 1 report. Morgan Stanley raised its price target on Visa shares from $279.00 to $284.00 in a Wednesday, April 27 report. Finally, Cowen cut his price target on Visa shares from $276.00 to $254.00 and set an “outperform” rating for the company in a Wednesday, April 27 report. Four analysts gave the stock a hold rating and twenty-one gave the company a buy rating. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $264.17.
Visa shares opened at $203.57 on Monday. The company’s 50-day moving average price is $202.16 and its 200-day moving average price is $211.31. The company has a quick ratio of 1.29, a current ratio of 1.29 and a leverage ratio of 0.53. Visa Inc. has a 52-week minimum of $185.91 and a 52-week maximum of $252.67. The company has a market capitalization of $387.04 billion, a P/E ratio of 32.01, a PEG ratio of 1.73 and a beta of 0.90.
Visa (NYSE:V – Get Rating) last released its results on Tuesday, April 26. The credit card processor reported EPS of $1.79 for the quarter, beating analyst consensus estimates of $1.65 by $0.14. The company posted revenue of $7.19 billion in the quarter, versus $6.82 billion expected by analysts. Visa had a net margin of 51.10% and a return on equity of 42.89%. Visa’s revenue for the quarter increased 25.5% year over year. During the same period last year, the company achieved EPS of $1.38. As a group, equity research analysts expect Visa Inc. to post EPS of 7.16 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 1. Investors of record on Friday, May 13 received a dividend of $0.375. This represents a dividend of $1.50 on an annualized basis and a yield of 0.74%. The ex-dividend date was Thursday, May 12. Visa’s dividend payout ratio (DPR) is currently 23.58%.
In related news, CEO Alfred F. Kelly, Jr. sold 9,000 Visa shares in a trade that took place on Thursday, June 30. The shares were sold at an average price of $195.37, for a total value of $1,758,330.00. Following the completion of the sale, the CEO now directly owns 159,887 shares of the company, valued at approximately $31,237,123.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website. Insiders sold a total of 27,000 shares of the company valued at $5,619,330 during the last quarter. 0.21% of the shares are held by insiders of the company.
About Visa (Get an evaluation)
Visa Inc operates as a worldwide payment technology company. The company facilitates digital payments between consumers, merchants, financial institutions, businesses, strategic partners and government entities. It operates VisaNet, a transaction processing network that enables the authorization, clearing and settlement of payment transactions.
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