Achmea Investment Management B.V. Acquires 4,859 Shares of Visa Inc. $V

Achmea Investment Management B.V. increased its position in shares of Visa Inc. (NYSE:V) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,734 shares of the credit-card processor’s stock after purchasing an additional 4,859 shares during the quarter. Visa makes up approximately 0.8% of Achmea Investment Management B.V.’s holdings, making the stock its 19th biggest holding. Achmea Investment Management B.V.’s holdings in Visa were worth $62,749,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Visa in the 1st quarter valued at approximately $3,518,533,000. Vanguard Group Inc. increased its stake in Visa by 1.1% in the first quarter. Vanguard Group Inc. now owns 161,082,431 shares of the credit-card processor’s stock valued at $56,452,949,000 after purchasing an additional 1,677,088 shares in the last quarter. Wellington Management Group LLP raised its holdings in Visa by 17.7% in the first quarter. Wellington Management Group LLP now owns 10,979,720 shares of the credit-card processor’s stock worth $3,847,953,000 after purchasing an additional 1,651,954 shares during the period. MUFG Securities EMEA plc bought a new position in shares of Visa during the first quarter worth $373,240,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Visa by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 14,277,146 shares of the credit-card processor’s stock valued at $5,003,569,000 after buying an additional 955,392 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

Shares of V stock opened at $336.63 on Friday. The firm has a market capitalization of $616.97 billion, a PE ratio of 32.97, a P/E/G ratio of 2.06 and a beta of 0.87. The company has a 50 day moving average price of $343.84 and a 200-day moving average price of $348.51. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The company has a quick ratio of 1.12, a current ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last released its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.01. The company had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.Visa’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.71 earnings per share. As a group, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a $0.67 dividend. This is an increase from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 23.11%.

Wall Street Analysts Forecast Growth

V has been the topic of a number of analyst reports. Wells Fargo & Company upgraded shares of Visa to a “strong-buy” rating in a research note on Wednesday, October 22nd. KeyCorp restated an “overweight” rating and issued a $405.00 price objective on shares of Visa in a research note on Wednesday, October 22nd. UBS Group set a $425.00 target price on Visa and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Robert W. Baird set a $425.00 target price on Visa in a report on Wednesday, October 29th. Finally, Macquarie cut their price target on Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Four analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $400.00.

Insider Activity

In related news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $183,117. The trade was a 95.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the transaction, the general counsel owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 23,897 shares of company stock worth $8,164,561. 0.13% of the stock is currently owned by insiders.

Visa 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.