Banco Santander S.A. Sells 5,130 Shares of Visa Inc. $V

Banco Santander S.A. cut its holdings in shares of Visa Inc. (NYSE:V) by 2.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 242,027 shares of the credit-card processor’s stock after selling 5,130 shares during the period. Visa accounts for 0.7% of Banco Santander S.A.’s holdings, making the stock its 24th biggest holding. Banco Santander S.A.’s holdings in Visa were worth $82,623,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of V. Sagard Holdings Management Inc. bought a new stake in Visa during the 2nd quarter valued at $31,000. Bare Financial Services Inc lifted its stake in shares of 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 during the last quarter. Quaker Wealth Management LLC lifted its stake in shares of Visa by 202.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 114 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 225 shares during the last quarter. Winnow Wealth LLC bought a new stake in Visa during the second quarter valued at about $40,000. Finally, Decker Retirement Planning Inc. purchased a new position in Visa in the second quarter valued at about $41,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial set a $372.00 price target on shares of Visa in a research report on Tuesday, February 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a $395.00 price objective on shares of Visa in a research note on Friday, January 30th. Daiwa Securities Group raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 target price for the company in a research report on Monday, February 2nd. Rothschild & Co Redburn set a $385.00 target price on shares of Visa in a research note on Wednesday, January 28th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Visa in a research report on Friday, January 30th. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $391.43.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the transaction, the chief executive officer owned 9,401 shares in the company, valued at approximately $3,282,641.18. This represents a 52.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.12% of the company’s stock.

Visa Stock Up 1.2%

Shares of V opened at $316.65 on Friday. The company has a market capitalization of $574.77 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 1.79 and a beta of 0.79. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The stock’s 50-day moving average price is $333.60 and its 200-day moving average price is $338.23. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

Visa (NYSE:V) last announced its quarterly 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 return on equity of 61.74% and a net margin of 50.23%.The company had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the previous year, the company posted $2.75 earnings per share. Visa’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 10th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend 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 25.14%.

About Visa

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.