Visa Inc. (NYSE:V) Shares Purchased by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lifted its position in Visa Inc. (NYSE:V) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,253 shares of the credit-card processor’s stock after purchasing an additional 1,899 shares during the quarter. Visa makes up 0.7% of Insigneo Advisory Services LLC’s investment portfolio, making the stock its 22nd biggest holding. Insigneo Advisory Services LLC’s holdings in Visa were worth $6,219,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in V. National Bank of Canada FI lifted its position in Visa by 787.1% during the 1st quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock worth $1,296,820,000 after acquiring an additional 4,099,122 shares during the period. Swedbank AB acquired a new stake in Visa during the 1st quarter worth approximately $511,321,000. GQG Partners LLC lifted its position in Visa by 40.1% during the 1st quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock worth $1,671,866,000 after acquiring an additional 1,715,686 shares during the period. Wulff Hansen & CO. lifted its position in Visa by 26,951.9% during the 2nd quarter. Wulff Hansen & CO. now owns 1,587,944 shares of the credit-card processor’s stock worth $416,788,000 after acquiring an additional 1,582,074 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its position in Visa by 14,306.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock worth $390,595,000 after acquiring an additional 1,489,856 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Price Performance

V stock opened at $272.93 on Wednesday. Visa Inc. has a 52-week low of $227.78 and a 52-week high of $293.07. The stock’s fifty day simple moving average is $271.12 and its 200-day simple moving average is $273.42. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $497.36 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 2.04 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. During the same quarter last year, the firm earned $2.16 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. Equities research analysts expect that Visa Inc. will post 9.92 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Friday, August 9th. Visa’s payout ratio is currently 23.24%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on V shares. TD Cowen cut their target price on Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Piper Sandler cut their target price on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Morgan Stanley cut their target price on Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their target price on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $317.00 target price on shares of Visa in a research note on Thursday, September 12th. Six research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $310.22.

Visa Company Profile

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.