Visa Inc. $V Position Lessened by AMS Capital Ltda

AMS Capital Ltda lowered its stake in shares of Visa Inc. (NYSE:V) by 25.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,483 shares of the credit-card processor’s stock after selling 11,023 shares during the quarter. Visa comprises approximately 4.4% of AMS Capital Ltda’s investment portfolio, making the stock its 6th largest holding. AMS Capital Ltda’s holdings in Visa were worth $10,748,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc grew its stake in Visa by 14.2% in the 3rd quarter. IFP Advisors Inc now owns 49,884 shares of the credit-card processor’s stock valued at $17,150,000 after acquiring an additional 6,220 shares during the period. Swiss Life Asset Management Ltd increased its stake in shares of Visa by 4.7% during the third quarter. Swiss Life Asset Management Ltd now owns 527,530 shares of the credit-card processor’s stock worth $180,088,000 after buying an additional 23,863 shares during the period. Innova Wealth Partners raised its holdings in Visa by 9.4% during the third quarter. Innova Wealth Partners now owns 1,211 shares of the credit-card processor’s stock worth $414,000 after purchasing an additional 104 shares in the last quarter. Stillwater Wealth Management Group acquired a new position in shares of Visa in the 3rd quarter valued at $3,467,000. Finally, Tevis Investment Management grew its position in Visa by 0.9% in the 3rd quarter. Tevis Investment Management now owns 3,824 shares of the credit-card processor’s stock valued at $1,305,000 after buying an additional 35 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Up 0.7%

V opened at $319.07 on Friday. The firm has a market cap of $579.17 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 1.83 and a beta of 0.79. Visa Inc. has a twelve month low of $299.00 and a twelve month high of $375.51. The firm’s 50-day simple moving average is $333.00 and its 200-day simple moving average is $338.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter in the prior year, the business earned $2.75 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, February 10th. Visa’s dividend payout ratio (DPR) is currently 25.14%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the transaction, the chief executive officer directly owned 9,401 shares in the company, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on V. UBS Group reiterated a “buy” rating on shares of Visa in a research report on Tuesday, January 13th. Daiwa Securities Group upgraded Visa from a “neutral” rating to an “outperform” rating and set a $370.00 target price for the company in a research note on Monday, February 2nd. Rothschild & Co Redburn set a $385.00 price objective on shares of Visa in a report on Wednesday, January 28th. Piper Sandler set a $160.00 price target on Visa in a report on Wednesday, January 28th. Finally, Truist Financial set a $372.00 target price on Visa in a research note on Tuesday, February 10th. Seven research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $391.43.

Visa Profile

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.