IFM Investors Pty Ltd Has $58.76 Million Holdings in Visa Inc. (NYSE:V)

IFM Investors Pty Ltd increased its stake in Visa Inc. (NYSE:VGet Rating) by 18.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 264,959 shares of the credit-card processor’s stock after purchasing an additional 41,771 shares during the quarter. Visa makes up approximately 0.9% of IFM Investors Pty Ltd’s investment portfolio, making the stock its 14th largest position. IFM Investors Pty Ltd’s holdings in Visa were worth $58,760,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in V. Outfitter Financial LLC acquired a new stake in shares of Visa in the 4th quarter valued at approximately $27,000. Rise Advisors LLC bought a new stake in Visa in the 4th quarter valued at $35,000. Stuart Chaussee & Associates Inc. raised its stake in Visa by 50.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 168 shares of the credit-card processor’s stock valued at $36,000 after acquiring an additional 56 shares during the period. AHL Investment Management Inc. bought a new stake in Visa in the 4th quarter valued at $43,000. Finally, Rather & Kittrell Inc. bought a new stake in Visa in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

Visa Trading Down 2.4 %

NYSE V opened at $206.26 on Wednesday. The company has a market cap of $392.16 billion, a price-to-earnings ratio of 30.42, a P/E/G ratio of 1.73 and a beta of 0.89. Visa Inc. has a 52 week low of $185.91 and a 52 week high of $247.83. The business has a 50 day moving average price of $205.06 and a 200-day moving average price of $210.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.50 annualized dividend and a dividend yield of 0.73%. Visa’s dividend payout ratio is 22.12%.

Insider Activity

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $195.37, for a total transaction of $1,758,330.00. Following the transaction, the chief executive officer now owns 159,887 shares of the company’s stock, valued at $31,237,123.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 27,000 shares of company stock worth $5,560,740 over the last quarter. 0.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on V shares. Truist Financial lowered their price objective on Visa from $275.00 to $250.00 in a research report on Thursday, June 30th. Robert W. Baird decreased their price target on Visa from $290.00 to $265.00 in a research report on Wednesday, July 20th. Cowen decreased their price target on Visa from $276.00 to $254.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 27th. Wolfe Research reduced their price objective on Visa from $285.00 to $260.00 in a research note on Wednesday, July 20th. Finally, Piper Sandler reduced their price objective on Visa from $239.00 to $204.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $258.19.

About Visa

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Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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