Aberdeen Group plc Has $550.48 Million Stock Holdings in Visa Inc. $V

Aberdeen Group plc boosted its position in Visa Inc. (NYSE:V) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,613,891 shares of the credit-card processor’s stock after purchasing an additional 99,543 shares during the period. Visa accounts for about 0.9% of Aberdeen Group plc’s portfolio, making the stock its 12th biggest holding. Aberdeen Group plc owned about 0.09% of Visa worth $550,482,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Rothschild & Co Redburn set a $385.00 price objective on shares of Visa in a research report on Wednesday, January 28th. Morgan Stanley reaffirmed an “overweight” rating and set a $411.00 target price (up from $398.00) on shares of Visa in a research report on Friday, January 30th. Macquarie Infrastructure reiterated an “outperform” rating and set a $410.00 price target on shares of Visa in a research report on Friday, January 30th. Piper Sandler set a $160.00 target price on shares of Visa in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $392.21.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,172 shares of the company’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 completion of the sale, the insider directly owned 26,413 shares in the company, valued at $8,608,789.09. This represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the sale, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. This represents a 52.73% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by corporate insiders.

Visa Stock Down 3.1%

V stock opened at $314.13 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. Visa Inc. has a twelve month low of $299.00 and a twelve month high of $375.51. The company’s 50 day moving average is $337.98 and its two-hundred day moving average is $339.81. The stock has a market cap of $570.19 billion, a P/E ratio of 29.47, a PEG ratio of 1.80 and a beta of 0.79.

Visa (NYSE:V) last announced its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping 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 business had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period last year, the firm posted $2.75 earnings per share. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. Research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, February 10th. Visa’s dividend payout ratio (DPR) is presently 25.14%.

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.