ABN AMRO Bank N.V. Buys 160,352 Shares of Visa Inc. $V

ABN AMRO Bank N.V. lifted its stake in shares of Visa Inc. (NYSE:VFree Report) by 18.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,048,831 shares of the credit-card processor’s stock after purchasing an additional 160,352 shares during the period. Visa makes up about 3.5% of ABN AMRO Bank N.V.’s holdings, making the stock its 3rd biggest position. ABN AMRO Bank N.V. owned 0.06% of Visa worth $356,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Harbor Asset Planning Inc. purchased a new position in shares of Visa in the second quarter worth approximately $29,000. Sagard Holdings Management Inc. acquired a new position in Visa in the 2nd quarter worth approximately $31,000. Bare Financial Services Inc grew its position in Visa by 287.0% during the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 66 shares in the last quarter. Hoese & Co LLP purchased a new position in Visa during the 2nd quarter worth approximately $36,000. Finally, Winnow Wealth LLC acquired a new stake in Visa during the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $325.93, for a total transaction of $707,919.96. Following the transaction, the insider directly owned 26,413 shares in the company, valued at $8,608,789.09. This trade represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the sale, the chief executive officer owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This trade represents a 52.73% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Macquarie reaffirmed an “outperform” rating and issued a $410.00 target price on shares of Visa in a research report on Friday, January 30th. Bank of America upgraded Visa from a “neutral” rating to a “buy” rating and set a $382.00 price objective for the company in a research report on Thursday, December 11th. Truist Financial set a $374.00 target price on Visa in a report on Tuesday, January 20th. Wells Fargo & Company upgraded shares of Visa to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Robert W. Baird set a $425.00 price objective on shares of Visa in a research note on Wednesday, October 29th. Six analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $392.00.

Check Out Our Latest Stock Analysis on Visa

Visa Trading Up 0.3%

NYSE:V opened at $329.79 on Thursday. The company has a market capitalization of $600.79 billion, a P/E ratio of 30.94, a P/E/G ratio of 1.89 and a beta of 0.79. The stock’s 50 day moving average price is $338.66 and its 200 day moving average price is $341.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.08 and a current ratio of 1.11. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51.

Visa (NYSE:VGet Free Report) last posted its earnings results 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. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same period in the previous year, the company earned $2.75 earnings per share. The company’s revenue was up 14.6% compared to the same quarter last year. On average, research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 10th will be issued a $0.67 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s dividend payout ratio is currently 25.14%.

More Visa News

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Visa Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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